Question: please show steps on how this was solved Trust Corporation reported the following financial statements: (Click the icon to view the financial statements.) Which statement



Trust Corporation reported the following financial statements: (Click the icon to view the financial statements.) Which statement best describes Trust's acid-test ratio for 2025? A. Equal to 1 8. Greater than 1 C. Less than 1 D. None of the above Trust Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025731725 Assets Current Assets: Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Other Assets Total Assets Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity \begin{tabular}{rr} 6,740 & 6,031 \\ 6,700 & 5,600 \\ \hline 13,440 & 11,631 \\ \hline$25,502 & $22,223 \\ \hline \hline \end{tabular} Trust Corporation Income Statement Year Ended December 31, 2025 Net Sales Revenue $27,210 Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense 7,18213,85819213,6662,454$11,212 Net Income
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