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A company has a current ratio of 2:1. Its bank balance is GHC 80,000 debit and its current liabilities are GHC 200,000. It then issues

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A company has a current ratio of 2:1. Its bank balance is GHC 80,000 debit and its current liabilities are GHC 200,000. It then issues 50,000 new ordinary shares of GHC 1 each at a premium of GH 0.10 per share. What is the new current ratio? A. 2.25:1 B. 2.28:1 C. 2.67 : 1 OD. 2.76:1

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