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Brankow Company has current assets of $95,000 and current liabilities of $120,000. The company decides to issue stock and rec
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Answer #1

Answer:

D.1.96

Calculation:

Current ratio = current assets/current liabilities = ($140,000+$95,000)/$ 120,000 = 1.96

Note: current asset are increased by $140,000 i.e; issue of stock for cash

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