Data from Dunshee Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$130 $100 Accounts receivable, net 270 290 Inventory 90 110 Prepaid expenses 10 10 Total current assets$500 $510 Total current liabilities$230 $220 Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.The acid-test (quick) ratio at the end of Year 2 is closest to:
A. 1.06
B. 1.74
C. 1.78
D. 2.17
Answer: B
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