Do fast answer of this accounting questions A company has current assets of $750,000 and current liabilities of$300,000. The board of directors declares a cash dividend of$225,000. a. What is the current ratio after the declaration butbefore payment? b. What is the current ratio after the payment ofthe dividend?

Step 1: Definition of Current RatioThe current ratio measures a company's ability to meet its…

Answered: A company has current assets of…

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter7: Financial Activities

Section: Chapter Questions

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A company has current assets of $616,000 and current liabilities of $221,000. The board of directors declares a cash dividend of $168,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend?
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A company has current assets of $750,000 and current liabilities of $300,000. The board of directors declares a cash dividend of $225,000. a. What is the current ratio after the declaration but before payment? b. What is the current ratio after the payment of the dividend?