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Marshall Company has a current ratio of 2:1. The company's liabilities consist of: Current liabilities $ 20,000 Non current liabilities 80,000 Owner's Equity 20,000 Total

Marshall Company has a current ratio of 2:1. The company's liabilities consist of:

Current liabilities $ 20,000

Non current liabilities 80,000

Owner's Equity 20,000

Total liabilities+ Equity $120,000

The amount of current assets is:

I know it is $40,000 I just don't understand the steps to get the answer

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