Multiple Choice
Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000.If they issue $150,000 of new stock, what will their new current ratio be? (rounded)
A) 2.6:1
B) 2.1:1
C) 2.2:1
D) 2.4:1
Correct Answer:
Verified
Correct Answer:
Verified
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