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Data from Gofman Corporation's Most Recent Balance Sheet Appear Below

Question 204

Multiple Choice

Data from Gofman Corporation's most recent balance sheet appear below: Data from Gofman Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900. -The current ratio at the end of Year 2 is closest to: A) 0.32 B) 0.72 C) 2.78 D) 0.23 Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The current ratio at the end of Year 2 is closest to:


A) 0.32
B) 0.72
C) 2.78
D) 0.23

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