Current ratio

6. Miller Technologies is always looking for ways to expand their business. A plan has been proposed that would entail issuing $300 million in notes payable to purchase new fixed assets (for this problem, ignore depreciation). If this plan were carried out, what would Millers current ratio be immediately following the transaction?

a. 0.455

b. 0.818

c. 1.091

d. 1.125

e. 1.800