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

question 167

Multiple Choice

Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000. If they issue $100,000 of new stock what will their new current ratio be? (rounded)

• A) 2.5:1
• B) 2.1:1
• C) 2.3:1
• D) 2.4:1

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Definitions:

Posttraumatic Stress Disorder

A disorder of the psyche initiated by exposure to or the experience of witnessing a shocking event, resulting in consistent flashbacks, terrifying dreams, and acute anxiety.

Higher Rates

Comparative increases in frequency, amount, quality, or degree of a given metric or phenomena.

Trauma

A deeply distressing or disturbing experience, which can lead to emotional and psychological harm.

Combat-Related Stress

Psychological stress experienced by individuals exposed to combat environments, often associated with post-traumatic stress disorder (PTSD).