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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

Correct Answer:

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