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On May 1 XYX Inc. paid accounts payable of 18000. Prior to the payment, XYX Inc. had current assets of 120000 and a current ratio

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On May 1 XYX Inc. paid accounts payable of 18000. Prior to the payment, XYX Inc. had current assets of 120000 and a current ratio of 1. Calculate XYX Inc.'s current ratio after the payment of the accounts payable. Round your answer to two decimal places

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