Kingery Corporation Has Current Assets of $1,800,000 and Current Liabilities

question 135

Multiple Choice

Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000.If they issue $150,000 of new stock, what will their new current ratio be? (rounded)

• A)2.6:1
• B)2.1:1
• C)2.2:1
• D)2.4:1