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Calculate the current ratio for Tesla, Inc. using the following data: Current Assets: $1,200,000 Current Liabilities: $800,000 Explain what this ratio signifies and how it

Calculate the current ratio for Tesla, Inc. using the following data:

Current Assets: $1,200,000
Current Liabilities: $800,000

Explain what this ratio signifies and how it can be used by investors and creditors to assess a company's liquidity position.

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