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

Question 198

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Excerpts from Deandrade Corporation's most recent balance sheet appear below: Excerpts from Deandrade Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,360 and the cost of goods sold was $830. -The acid-test ratio at the end of Year 2 is closest to: A) 0.89 B) 1.21 C) 0.82 D) 0.55 Sales on account in Year 2 amounted to $1,360 and the cost of goods sold was $830.
-The acid-test ratio at the end of Year 2 is closest to:


A) 0.89
B) 1.21
C) 0.82
D) 0.55

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