Problemkingery corporation has current assets of 1800000, Ask an Expert

Finance

Problem:

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? Please describe in detail and provide step by step solution.

A. 2.0:1

B. 3.1:1

C. 3.6:1

D. 2.4:1

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Category:- Basic Finance
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