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A current ratio of 1.6 means? a. They have $1.60 of current assets for every $1 of current liabilities b. This ratio has no meaning

A current ratio of 1.6 means?

a. They have $1.60 of current assets for every $1 of current liabilities

b. This ratio has no meaning

c. They have $1.60 of current liabilities for every $1 of current assets

d. They have 1.6times debt to equity

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