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Financial Statements for Larkins Company Appear Below

Question 31

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Financial statements for Larkins Company appear below:
Financial statements for Larkins Company appear below: Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150. -Lisa Inc.'s acid-test ratio at December 31, Year 2, was closest to: A) 0.6 B) 1.1 C) 1.8 D) 2.0
Financial statements for Larkins Company appear below: Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150. -Lisa Inc.'s acid-test ratio at December 31, Year 2, was closest to: A) 0.6 B) 1.1 C) 1.8 D) 2.0
Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.


-Lisa Inc.'s acid-test ratio at December 31, Year 2, was closest to:


A) 0.6
B) 1.1
C) 1.8
D) 2.0

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