Question

Mitchell Corporation has current assets of $1 million and current liabilities of $750,000. If they pay $250,000 of their accounts payable, what will their new current ratio be? (Points: 4)
1.25:1
2.0:1
2.0:1
1.5:1

1.25:1??

Related Questions

A firm has $600,000 in current assets and $150,000 in current liabilities. Which of the following i... A firm has a long-term debt-equity ratio of 0.5. Shareholders’ equity is $1.07 million. Current asse... If a firm has a current ratio of 2.00it means that for every $2 in _____it has $1in A.total as... Working capital and current ratio Current assets and current liabilities for Brimstone Company fo...