Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,415 and the cost of goods sold was $915.The acid-test (quick) ratio at the end of Year 2 is closest to:

A) 1.67
B) 1.00
C) 0.97
D) 1.26

The acid-test (quick) ratio is calculated by dividing the sum of cash, accounts receivable (net), and short-term investments by current liabilities.

We are not given the values for cash, short-term investments, and accounts receivable (net), but we can calculate accounts receivable as follows:

Accounts receivable = Sales on account - Cash received from those sales during Year 2
Accounts receivable = $1,415 - $500 (as per the change in accounts receivable on the balance sheet)
Accounts receivable = $915

Using this information, we can calculate the acid-test ratio:

Acid-test ratio = (Cash + Accounts receivable + Short-term investments) / Current liabilities
Acid-test ratio = ($1,500 + $915 + $0) / $1,815
Acid-test ratio = 1.6667 (rounded to 2 decimal places)

Therefore, the closest answer is A) 1.67.