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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Definitions:

Conus Medullaris

The tapered, lower end of the spinal cord, typically ending around the first lumbar vertebra.

Cervical Enlargement

A widened area of the spinal cord that supplies nerves to the shoulders, arms, and hands.

Dorsal Root Ganglion

A cluster of nerve cell bodies (neurons) in a dorsal root of a spinal nerve, which carries sensory information to the central nervous system.