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A company's year-end data shows the following amounts.
Current assets $65,000
Current liabilities $25,000
Net income $7,500
Net sales $125,000
Total assets $150,000
Problem 1: Based on this information, what is the company's current ratio?
Option 1: 1.9
Option 2: 6.0
Option 3: 2.3
Option 4: 2.6
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