Nikkio9540 Nikkio9540

08-02-2020
Business

contestada

Bramble Corp. has current assets of $1490000 and current liabilities of $820000. If they issue $175000 of new stock what will their new current ratio be?

Respuesta :

hyderali230 hyderali230

08-02-2020

Answer:

New Current ratio will be 1.82

Explanation:

Current assets = $1,490,000

Current liabilities = $820,000

New stock issued = $175000

Current Ratio = Current Assets / Current Liabilities

Current Ratio = $1,490,000 / $820,000

Current Ratio = 1.8171 = 1.82

New Stock issue will not effect the current ratio as current ratio only deals the current assets and current liabilities ( as given in formula above ). Any equity transaction will not effect this ratio.

Answer Link

Otras preguntas

What is the best description for a solution with a hydroxide-ion concentration equal to 1 x 10-4m?

one gallon of milk costs 3.60, but this cost is projected to increase 10% in the next 5 years. what is the projected cost of a gallon of milk 5 years from now?

Veronica surveyed two groups of students to find out how they arrived at school that morning. The data she gathered are in the table below. Which statement is b

Which people with in a Corporation hire manage the heads of departments? A.) workers B.) the presidents C.) the vice presidents D.) shareholders _______________

If you were asked to solve a system of linear equations using the substitution method, in what form would one or both of the equations start as that would make

Veronica surveyed two groups of students to find out how they arrived at school that morning. The data she gathered are in the table below. Which statement is b

What is the area of a right triangle with vertices of (-2,-4),(2,-4), and (2,5)?

What were the two main reasons workers formed unions? A) as a form of social protest and to protect themselves from poor work conditions. B) for a social grou

Given: m LJ =4x+50°, m KM =6x m KL =x+10°, m MJ =4x Find: m∠MEJ

How can poverty impact an person