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

Question 28

Multiple Choice

Mitchell Corporation has current assets of $1,600,000 and current liabilities of $750,000. If they issue $100,000 of new stock what will their new current ratio be? (rounded)


A) 2.27:1
B) 2.04:1
C) 1.88:1
D) 2.13:1

Correct Answer:

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