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The current ratio is a financial ratio that compares a firm's current assets to its non-current liabilities to determine whether it has sufficient current resources

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The current ratio is a financial ratio that compares a firm's current assets to its non-current liabilities to determine whether it has sufficient current resources to pay its long term debt obligations. The calculated value of the ratio determines the amount of current assets available for every $1 of non-current liabilities Select one: True False

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