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Question
Irmas current ratio is 2.5. This means that:
a. for every dollar of current assets, Irma has $2.50 in current liabilities.
b. for every dollar of current liabilities, Irma has $2.50 in current assets.
c. Irma has enough cash to pay her cebts for the next 2.5 years.
d. Irma can borrow 2.5 times her annual sales.
Answer
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