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Summit Pharmaceuticals provides the following financial data for the year ended December 31, 2023: | Current Assets | $300,000 | | Current Liabilities |

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Summit Pharmaceuticals provides the following financial data for the year ended December 31, 2023: | Current Assets | $300,000 | | Current Liabilities | $120,000 | | Total Assets | $600,000 | | Total Liabilities | $250,000 | Compute the current ratio and debt-to-assets ratio for Summit Pharmaceuticals and interpret the results.

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