Mitchell Corporation Has Current Assets of $1,600,000 and Current Liabilities

question 56

Multiple Choice

Mitchell Corporation has current assets of $1,600,000 and current liabilities of $750,000.If they issue $200,000 of new stock what will their new current ratio be? (rounded)

• A)2.4:1
• B)1.9:1
• C)1.7:1
• D)2.13:1

---

Definitions:

Glocalization

The adaptation of international products, ideas, and cultural practices to fit local markets and sensibilities, blending global and local influences.

Creative Commodification

The process of turning creative outputs and artistic expressions into marketable products or services for profit.

Appadurai's Landscapes

Concepts introduced by anthropologist Arjun Appadurai to describe the different dimensions or flows (ethnoscapes, mediascapes, technoscapes, financescapes, and ideoscapes) shaping the global cultural economy.

Nation-States

Sovereign states whose citizens or subjects are relatively homogeneous in factors such as language or common descent.