A company has current ratio 2:1. It's bank balance is 80000 debit and it's current liabilities are 200,000. It then issues 50,000 new ordinary shares of 1 each at a premium of 0.10 per share. What is the new current ratio

A company has current ratio 2:1. It's bank balance is 80000 debit and it's current liabilities are 200,000. It then issues 50,000 new ordinary shares of 1 each at a premium of 0.10 per share. What is the new current ratio

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3P: Winston Watch’s stock price is $75 per share. Winston has $10 billion in total assets. Its balance...

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