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Company As only current asset is accounts receivable and its only current liability is accounts payable. Company A has common size accounts receivable of 25%
Company As only current asset is accounts receivable and its only current liability is accounts payable. Company A has common size accounts receivable of 25% and common size accounts payable of 40%. Choose the option to correctly complete the following sentence. Company As current ratio ____________. is less than 1. is equal to 1. is greater than 1. cannot be determined from the information given.
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