Question
Brankov Company has current assets of $ 95000 and current liabilities of $110,000 . The company decides to issue stock and receives cash of $100,000
Brankov Company has current assets of $ 95000 and current liabilities of $110,000. The company decides to issue stock and receives cash of $100,000. After thistransaction, thecompany's current ratio willbe: (Round your final answer to two decimalplaces.)
A.
1.86
B.
0.86
C.
1.77
D.
0.91
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds
6th Edition
78110890, 978-0078110894
