2 Blancash ho Incoment hoof Year $ s S Cursos Cash Marble Securities Account Revable Invento Pred Expenses Tot Current Assets 5.500.00 4.500.00 5.000.00 7,500.00 2.500.00 25.000,00 7,000 2.71 1.1 2010 (190) $ 10 11 12 $ Rover Sales Cost of Goods Sold Operating penses Operating Income interest Taxable income Te Net Income Current Accounts Payable $ 1.500.00 Short Notes Pt 2.000.00 Acerved at 5 1.500.00 Total Current SS.CO. DO Long Long Term Debe 520000.00 Total Long Term wbt 520 000 00 Total $ 25.000.00 Equity Presto 5 5.000.00 Comman Stock 5 10.000.00 $10.000.00 Total 525.000.00 Total and culty 550.000.00 5 1 12 17 Long-Term Assets Property Mant, and qui 5 Les com Depreciations Property and woments Intangible $ Total Nettone Terms $ 3 17,000.00 2.000.00 15.000.00 10.000.00 25.000.00 Liquidity ratios are a type of financial ratio that helps the firm learn about its ability to pay off debts that are maturing within one year. The Current Ratio, shown here, is one type of liquidity ratio. Use the data from the financial statements above to calculate the Current Ratio. Current Assets Current Ratio Current Liabilities 5.5 5 4.5