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Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000. If they pay $250,000 of their accounts payable what will their new current
Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000. If they pay $250,000 of their accounts payable what will their new current ratio be?
A. 2.0:1
B. 3.1:1
C. 3.6:1
D. 2.4:1
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Financial Management An Introduction
Authors: Jim McMenamin
1st Edition
0415181623, 9780415181624
