1 point 11. What is the current ratio for this company? (Answer in 2 decimal places, e.g. 5.45) * CASE 1 (For Nos. 11-18) The following information pertains to Jewel Company. Assume that all balance sheet amounts represent both average and ending balance figures, and all sales were on credit. Answers with decimal should be in 2 decimal places unless otherwise stated. P BALANCE SHEET Assets Cash and short-term investments Accounts Receivable, net Inventory Property, plant and equipment Total Assets 40,000 25,000 20,000 210,000 295,000 P P Liabilities and Stockholder's Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Equity 60,000 85,000 150,000 295,000 P INCOME STATEMENT P Sales Cost of goods sold Gross margin Operating expenses Net income 85,000 45,000 40,000 20,000 20,000 Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations 6,000 P20 0.90 P30,000 Your