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Anna007 [38]
3 years ago
8

Good buys has current assets of $2,500,000 and current liabilities of $1,000,000. if they issue $50,000 of new stock, what will

their new current ratio be?
Business
1 answer:
Pani-rosa [81]3 years ago
3 0

Current ratio is equal to current assets divided by current liabilities. When Good Buys issues $50,000 of new stock, its cash increases by 50,000 and its Equity increases by the same amount. Liabilities, long term or current, are unaffected. Its new current ratio is 2,550,000 / 1,000,000 = 2.55

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Answer: The correct answer is "a) acquisition".

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5 0
3 years ago
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Answer:

c. costs of improvements with limited lives.

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8 0
4 years ago
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Yuki888 [10]

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$1,100

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4 0
3 years ago
___________________ includes the process, content, and outcome of refreshment or replacement of attributes that have the potenti
Effectus [21]

Answer:

Strategic renewal

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