Multiple Choice
Southport Industries has current assets of $900,000 and a current ratio is 2.50.Assume that the company prepays rent for 9 months in the amount of $40,000.The current ratio after this transaction is closest to:
A) 2.39.
B) 2.61.
C) 2.50.
D) 2.81.
Correct Answer:
Verified
Correct Answer:
Verified
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