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

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Definitions:

Credibility

The quality of being trusted and believed in.

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A systematic approach to making improvements in healthcare processes, with the goal of enhancing patient care and outcomes.

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An approach in healthcare decision-making that values the utilization of evidence from research in conjunction with clinical judgment and client preferences to improve outcomes.

Performance Improvement

The continuous effort to enhance the effectiveness, efficiency, and quality of services or processes to meet or exceed expectations.