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TB MC Qu. 16-163 (Algo) Excerpts from Sydner Corporation's most... 6 Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2 Year 1
TB MC Qu. 16-163 (Algo) Excerpts from Sydner Corporation's most... 6 Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 178 $ 179 Accounts receivable, net 268 Inventory 316 257 Prepaid expenses 29 Total current assets $ 771 $ 733 Total current liabilities $ 436 $ 425 248 29 Sales on account In Year 2 amounted to $1.865 and the cost of goods sold was $1.185. The current ratio at the end of Year 2 is closest to: Multiple Choice 0.99 0.70 1.77 0.79
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