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

question 18

Multiple Choice

Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000.If they pay $350,000 of their accounts payable, what will their new current ratio be?

• A)3.6:1
• B)2.4:1
• C)4.5:1
• D)2.0:1

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