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Kingery Corporation has current assets of $1,000,000 and current liabilities of $700,000. If they pay $200,000 of their accounts payable what will their new current

  1. Kingery Corporation has current assets of $1,000,000 and current liabilities of $700,000. If they pay $200,000 of their accounts payable what will their new current ratio be?

1.14

1.60

2.00

1.43

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