A company has $10,000 in cash, $20,000 in equipment, and $20,000 in accounts payable. The tax rate is 13%. What is the current ratio if current assets are considered as cash and current liabilities are accounts payable?

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Multiple Choice

A company has $10,000 in cash, $20,000 in equipment, and $20,000 in accounts payable. The tax rate is 13%. What is the current ratio if current assets are considered as cash and current liabilities are accounts payable?

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