# accounting

Mitchell Corporation has current assets of \$1 million and current liabilities of \$750,000. If they pay \$250,000 of their accounts payable, what will their new current ratio be? (Points: 4)
1.25:1
2.0:1
2.0:1
1.5:1

1. 👍 0
2. 👎 0
3. 👁 142
1. 1.25:1??

1. 👍 0
2. 👎 0

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