Question: Oriole Company has current assets of $1510000 and current liabilities of $650000. If they issue $217000 of new stock what will their new current ratio

Oriole Company has current assets of $1510000 and current liabilities of $650000. If they issue $217000 of new stock what will their new current ratio be?

2.7:1

2.32:1

20:1

1.8:1

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