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

Question 60

Multiple Choice

Mitchell Corporation has current assets of $1,600,000 million and current liabilities of $750,000. If they pay $250,000 of their accounts payable what will their new current ratio be?


A) 2.7:1
B) 3.2:1
C) 1.69:1
D) 2.1:1

Correct Answer:

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