1 pts Question 8 Time Attempt 47 Mir Which of the following is equivalent to the balance sheet identity?" 24/7 Total abilities plus total assets equals equity Total assets plus equity equals total liabilities Total assets minus total abilities equals equity Total assets minus long-term debt equals equity Totat flabilities minus equity equals total assets 1 pts Question 9 The current ratio is a widely used financial ratio for the purpose of: Measuring short-term solvency Measuring long-term solvency Measuring financial leverage Measuring market value