As mentioned earlier, Mr. Suncat is especially interested in the current ratio. Explain how the...

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Accounting

As mentioned earlier, Mr. Suncat is especially interested in the current ratio. Explain how the current ratio is calculated and what it means. Do you want a high current ratio (a current ratio greater than 1) or a low current ratio (a current ratio less than 1)? What does it mean if the companys current ratio is 1?

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