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

Question 20

Multiple Choice

Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000. If they pay $250,000 of their accounts payable what will their new current ratio be?


A) 3.1:1
B) 2.4:1
C) 3.6:1
D) 2.0:1

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