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

Question 201

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 acid-test ratio at the end of Year 2 is closest to: A) 1.39 B) 2.78 C) 1.44 D) 0.94 Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The acid-test ratio at the end of Year 2 is closest to:


A) 1.39
B) 2.78
C) 1.44
D) 0.94

Correct Answer:

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