Question: Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 141 $111 Accounts receivable, net 292 312

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

Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 141 $111 Accounts receivable, net 292 312 Inventory 123 143 Prepaid expenses 21 21 Total current assets $ 577 $ 587 Total current liabilities $ 274 $ 275 Sales on account in Year 2 amounted to $1,445 and the cost of goods sold was $895. The acid-test (quick) ratio at the end of Year 2 is closest to: Multiple Choice 2.11 1.66 1.58 1.17

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