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ScienceForte ScienceForte
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10 months ago

Data from Dunshee Corporation's most recent balance sheet appear below:

Year 2Year 1
Current assets:
Cash$ 130$ 100
Accounts receivable, net270290
Inventory90110
Prepaid expenses1010
Total current assets$ 500$ 510
Total current liabilities$ 230$ 220

Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.

The acid-test (quick) ratio at the end of Year 2 is closest to:



▸ 2.17

▸ 1.78

▸ 1.74

▸ 1.06
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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bwhurdbwhurd
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10 months ago
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ScienceForte Author
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10 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
ofsuahasiufhoas
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Yesterday
Thanks for your help!!
taydav
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2 hours ago
Brilliant ツ
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