Multiple Choice
Brankov Company has current assets of $105,000 and current liabilities of $40,000.The company decides to issue stock and receives cash of $70,000.After this transaction,the company's current ratio will be:
A) 0.68.
B) 1.88.
C) 3.62.
D) 4.38.
Correct Answer:
Verified
Correct Answer:
Verified
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