Use the selected data from Pinecrest Company's financial statements to answer the following question. 2017 2016 Cash $ 22,000 $ 14,000 Accounts receivable 42,000 16,000 Merchandise inventory 22,000 83,000 Prepaid expenses 23,000 18,000 Total current assets $109,000 $131,000 Total current liabilities $ 65,000 $ 72,000 Net credit sales 221,000 326,000 Cost of goods sold 168,000 299,000 Net cash
flow from operating activities 16,000 29,000 Refer to the data for Pinecrest Company. The current ratio for 2017 is
a. 0.60 to 1
b. 0.99 to 1
c. 1.34 to 1
d. 1.68 to 1
d
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In some circumstances, placing a refusal in the first sentence is justified
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Which sentence expresses numbers correctly?
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