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You are a staff accountant for The Emerald Company. The Emerald Company has a Current Ratio of .50:1. Mr. Bob Smith, the owner for The

You are a staff accountant for The Emerald Company. The Emerald Company has a Current Ratio of .50:1. Mr. Bob Smith, the owner for The Emerald Company, asks you if a .50:1 current ratio shows that the company is performing well. What is your answer? Explain your rationale.

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