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1 . Johnston & Myers Inc. had the following balance sheet data for a recent year: Current assets$ 7 2 0 , 0 0 0

1.Johnston & Myers Inc. had the following balance sheet data for a recent year:
Current assets$720,000Property, plant, and equipment (net)1,110,000Current liabilities230,000Long-term liabilities450,000Common stock, $10 par250,000Retained earnings1,000,000
What is Johnston & Myers Inc.'s ratio of fixed assets to long-term liabilities?
0.9
2.1
4.1
2.5

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