Oriole Company has current assets of $1510000 and current liabilities of $650000. If they issue $217000 of

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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

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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Posted Date: Dec 13, 2022 05:00 AM

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Oriole Company has current assets of $1510000 and current liabilities of $650000. If they issue $217000 of

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Intermediate Accounting

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