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Equity to liability ratio Mimic Copy Center has Cash of $400. Accounts Receivable of $700 and Office Supplies of $700. Mimic owes $200 on Accounts

image text in transcribedEquity to liability ratio

Mimic Copy Center has Cash of $400. Accounts Receivable of $700 and Office Supplies of $700. Mimic owes $200 on Accounts Payable and has Salaries Payable of $100. Mimic's current ratio is (Round the current ratio to two decimal places.)

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