Southport Industries company has current assets of $600,000 and a current ratio is 4.00. Assume that the company prepays rent for 9 months in the amount of $35,000. The current ratio after this transaction is closest to: 4.00. 3.77. 5.22. 4.23. Please don't give image based answer ..thanku

Southport Industries company has current assets of $600,000 and a current ratio is 4.00. Assume that the company prepays rent for 9 months in the amount of $35,000. The current ratio after this transaction is closest to: 4.00. 3.77. 5.22. 4.23. Please don't give image based answer ..thanku

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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