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A company reported the following in its recent balance sheet:
Accounts payable: 19,367
Accounts receivable: 81,496
Income tax payable: 3,672
Long term liabilities: 1,869
Property and equipment: 55,728
Stockholders Equity: 204,408
Wages payable: 13,040
What is the amount of the current ratio? And what numbers did you use to get that.
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