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What does it mean when a company has higher current assets than another company? if a company has lower current assets and lower current liabilities

What does it mean when a company has higher current assets than another company? if a company has lower current assets and lower current liabilities than a company its competing with, what does this mean? What advantage does that company have over the other company? What does the company with the lower current assets need to do in order to increase current assets?

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