What will be the new current ratio with a 854000 cash


Question - Current ratio is .5 to 1 with current assets of $4.10 million and current liabilities of $8.20 million. What will be the new current ratio with a $854,000 cash purchase of inventory? Answer must be rounded to two decimal places.

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Accounting Basics: What will be the new current ratio with a 854000 cash
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