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Mitchell Corporation Has Current Assets of $1,600,000 Million and Current

Question 98

Multiple Choice

Mitchell Corporation has current assets of $1,600,000 million and current liabilities of $750,000.If they pay $350,000 of their accounts payable, what will their new current ratio be?


A) 3.1:1
B) 4.0:1
C) 1.5:1
D) 2.1:1

Correct Answer:

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