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What is its new current ratio

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Reference no: EM133037101

Question - Originally, Falcon Corporation's current assets are $400 and current liabilities are $250. If Falcon pays off its accounts payable of $150 with cash, what is its new current ratio?

a. 2.5

b. 3.2

c. 4.0

d. 2.2

Reference no: EM133037101

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