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(a) Peter's Motor Works has total assets of RM689,400, long-term debt of RM299,500, total equity of RM275,000, net fixed assets of RM497,800, and sales of

(a) Peter's Motor Works has total assets of RM689,400, long-term debt of RM299,500, total equity of RM275,000, net fixed assets of RM497,800, and sales of RM721,500. The profit margin is 4.6 percent. What is the current ratio?

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