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Please show all work. Thank you Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $138 $108
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Please show all work. Thank you Data from Dunshee Corporation's most recent balance sheet appear below: |
| Year 2 | Year 1 | |
| Current assets: | ||
| Cash | $138 | $108 |
| Accounts receivable | 286 | 306 |
| Inventory | 114 | 134 |
| Prepaid expenses | 18 | 18 |
| Total current assets | $556 | $566 |
| Total current liabilities | $262 | $260 |
| Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850. |
| The acid-test ratio at the end of Year 2 is closest to: |
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