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ABC Co. Ltd has current assets worth $45,000. Current liabilities $40,000. Long term assets, $90,000 and long term liabilities $40,000. What is the current ratio

ABC Co. Ltd has current assets worth $45,000. Current liabilities $40,000. Long term assets, $90,000 and long term liabilities $40,000. What is the current ratio of the company? What is the use of current ratio

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