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What is its new current ratio

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Reference no: EM133042570

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. 4.0

C. 2.2

D. 3.2

Reference no: EM133042570

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