Calculate current ratio

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Reference no: EM132029203

Using the data on working capital items from a firm’s balance sheet in the following table,

Current Assets                   GBP (millions)                         Current Liabilities                    GBP (millions)

Cash                                  125                              Short- term debt                                   540

Accounts receivable          1,100                           Current portion of long- term debt       150

Inventory                           210                              Accounts payable                                494

Calculate current ratio. Format x.xx

Reference no: EM132029203

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