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:

Argument

A set of statements or reasons made to support or oppose a proposition.

Rhetoric

The defense of a particular position usually without adequate consideration of opposing evidence in order to win people over to one’s position.

Logical Argumentation

The process of forming a coherent and logical series of statements leading from a premise to a conclusion.

Communication Skills

The ability to convey or share ideas and feelings effectively through speaking, writing, gestures, or expressions.