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Excerpts from Shelton Corporation's Most Recent Balance Sheet Appear Below

Question 95

Multiple Choice

Excerpts from Shelton Corporation's most recent balance sheet appear below: Excerpts from Shelton Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,320 and the cost of goods sold was $890. -The current ratio at the end of Year 2 is closest to: A) 0.43 B) 0.85 C) 2.19 D) 0.36 Sales on account in Year 2 amounted to $1,320 and the cost of goods sold was $890.
-The current ratio at the end of Year 2 is closest to:


A) 0.43
B) 0.85
C) 2.19
D) 0.36

Correct Answer:

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