A corporation has current assets of $3,203,000, current liabilities of $2,150,000, total assets of $10,000,000 and...

 

Transcribed Image Text:

A corporation has current assets of $3,203,000, current liabilities of $2,150,000, total assets of $10,000,000 and total liabilities of $6,000,000. If it pays $200,000 of its accounts payable what will its current ratio be? (rounded) A corporation has current assets of $3,203,000, current liabilities of $2,150,000, total assets of $10,000,000 and total liabilities of $6,000,000. If it pays $200,000 of its accounts payable what will its current ratio be? (rounded)

Answer rating: 100% (QA)

To calculate the current ratio we divide current ass... View the full answer