BALANCE SHEET

CURRENT RATIO = Current assets ÷ Current liabilities (the current ratio of 2:1 is a standard as if a business has a current ratio of 2:1 or better (higher), then the business will probably be able to pay its short-term debts as they fall due). Note that if the answer shows 1.29:1 (read 1.29 to 1) which means there are 1.29 times the "current ... ................
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