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The December 31, 20x1 balance sheet of Lulu Ltd. revealed current assets of $100,000, inventory of $20,000, current liabilities of $20,000, and notes payable of

The December 31, 20x1 balance sheet of Lulu Ltd. revealed current assets of $100,000, inventory of $20,000, current liabilities of $20,000, and notes payable of $60,000 due May 20x6. What would the December 31, 20x1 current ratio be? Question 5 options: 1.5 6 5 2

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