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What does a current ratio of 1 . 2 mean? The firm has $ 1 . 2 0 in current assets for every $ 1
What does a current ratio of mean?
The firm has $ in current assets for every $ in current liabilities.
The firm has $ in current assets for every $ in fixed assets.
The firm has $ in current liabilities for every $ in current assets.
The firm has $ in current liabilities for every $ in longterm debt.
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