A current ratio of 1.2 to 1 indicates that a company's current assets exceed its current liabilities.

Name: A current ratio of 1.2 to 1 indicates that a company's current assets exceed its current liabilities.
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A current ratio of 1.2 to 1 means that for every dollar of current liabilities, the company has $1.20 of current assets. This indicates that the company has more current assets than current liabilities and is in a relatively good position to meet its short-term obligations.

A Current Ratio of 1