Question: A company has current assets of $155,900 and total assets of $378,000. Current liabilities are $121,500, and total liabilities are $265,350. Required Calculate the company's

A company has current assets of $155,900 and total assets of $378,000. Current liabilities are $121,500, and total liabilities are $265,350.
Required
Calculate the company's current ratio and briefly explain the result.

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