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It takes a firm exactly 60 days to collect money from customers who purchase on credit. The firm has sales of $22,800. In addition, the

It takes a firm exactly 60 days to collect money from customers who purchase on credit. The firm has sales of $22,800. In addition, the firm has cash of $5,370 and inventory of $11,490.

If the firm has current liabilities of $12,000, what is the firms current ratio?

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