Question
A company with working capital of $340,000 and a current ratio of 1.1 pays $2,100,000 of its current liabilities using cash. What is the current
A company with working capital of $340,000 and a current ratio of 1.1 pays $2,100,000 of its current liabilities using cash. What is the current ratio immediately after the $2,100,000 payment?
Select one:
a.1.1
b.1.26
c.2.88
d.12.47
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-0176509736
