E11-8 Link Back to Chapter 4 (Current Ratio). The owner of Ciliotta Pharmacy examines the company accounting

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E11-8 Link Back to Chapter 4 (Current Ratio). The owner of Ciliotta Pharmacy examines the company accounting records at December 29, immediately before the end of the year: Total current assets... Noncurrent assets.. Total current liabilities. Noncurrent liabilities. Owner's equity. $ 490,000 730,000 $1,220,000 $ 260,000 300,000 660,000 $1.220.000 Cillotta's borrowing agreements with creditors require the company to keep a current ratio of 2.0 or better. How much in current liabilities should Ciliotta pay off within the next two days in order to comply with its borrowing agreements?

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