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Current assets total $120,000, plant and equipment assets $24,000, current liabilities $48,000, and long-term liabilities $12,000. What is the current ratio of the business? A)
Current assets total $120,000, plant and equipment assets $24,000, current liabilities $48,000, and long-term liabilities $12,000. What is the current ratio of the business? A) 1.0:1 B) 2.0:1 C) 2.5:1 D) 3.0:1 E) None of the above
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