2

Glenco Company reports the following year-end balance sheet data. The company's current ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 41,000 Current liabilities 56,000 Long-term liabilities 61,000 Common stock 146,000 Retained earnings $ 304,000 Total liabilities and equity $ 76,000 31,000 101,000 96,000 $ 304,000 Multiple Choice 128 o 054 o 0.35 o 208