On May 1, 2022, Bancroft Corporation has current assets of $1,000,000 and current liabilities of $500,000....
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On May 1, 2022, Bancroft Corporation has current assets of $1,000,000 and current liabilities of $500,000. If Bancroft purchases a piece of equipment on May 30, 2022 for $100,000 cash, what will be their new current ratio? (rounded) On May 1, 2022, Bancroft Corporation has current assets of $1,000,000 and current liabilities of $500,000. If Bancroft purchases a piece of equipment on May 30, 2022 for $100,000 cash, what will be their new current ratio? (rounded)
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