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A firm has current assets of $50,000, a current ratio (working capital ratio) of 2:1, and pays a short-term loan listed under current liabilities for

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A firm has current assets of $50,000, a current ratio (working capital ratio) of 2:1, and pays a short-term loan listed under current liabilities for $10,000 using existing cash. What is the firm's current ratio after the loan is paid? It cannot be determined from the data provided. None of the answers are correct. 2.0. 2.7. 5.0

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