Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000. If they issue $100,000 of new stock what will their new current ratio be? (rounded)
A) 2.5:1
B) 2.1:1
C) 2.3:1
D) 2.4:1

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The Answer of Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000. If they issue $100,000 of new stock what will their new current ratio be? (rounded)
A) 2.5:1
B) 2.1:1
C) 2.3:1
D) 2.4:1

Kingery Corporation Has Current Assets of $1,800,000 and Current Liabilities