E9-48. (Learning Objectives 1, 5: Reporting current liabilities) The top management of Pratt Marketing Services examines the following company accounting records at August 29, immediately before the end of the year, August 31:

Suppose Pratt’s management wants to achieve a current ratio of 2.5. How much in current liabilities should Pratt pay off within the next two days in order to achieve its goal?

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Total current assets..... Non-current assets. ............................ Total current liabilities Non-current liabilities Owners' equity $ 324,700 1,067,500 $1,392,200 $ 193,400 253,400 945,400 $1,392,200