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A company has current assets of $200,000 and a current ratio of 4.0. If the company borrows $50,000 cash with a loan that will be

A company has current assets of $200,000 and a current ratio of 4.0. If the company borrows $50,000 cash with a loan that will be due after 8 years, what is the new current ratio? (Round answer to two decimal places)

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