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Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,685 and the cost of goods sold

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Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,685 and the cost of goods sold was $1,005. The acid-test ratio at the end of Year 2 is closest to: 0.77 1.02 0.62 1.35

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