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

Name: A current ratio of 1.2 to 1 indicates that a company's 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 enough current assets to cover its current liabilities and therefore its assets exceed its current liabilities.

A Current Ratio of 1