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

Question 118

Multiple Choice

Data from Kooistra Corporation's most recent balance sheet appear below: Data from Kooistra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770. -The current ratio at the end of Year 2 is closest to: A) 0.96 B) 0.30 C) 0.31 D) 1.61 Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770.
-The current ratio at the end of Year 2 is closest to:


A) 0.96
B) 0.30
C) 0.31
D) 1.61

Correct Answer:

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