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2007 2008 $ 2,820 $ 2,570 Balance Sheet (S in Millions) 2007 2008 Current Assets Current Liabilities Cash $ 310 $ 405 Accounts receivable 2.640
2007 2008 $ 2,820 $ 2,570 Balance Sheet (S in Millions) 2007 2008 Current Assets Current Liabilities Cash $ 310 $ 405 Accounts receivable 2.640 3,055 Long-term debt Inventory 3,275 3,850 Owners' Equity Total $ 6,225 $ 7,310 Common stock Fixed assets $10,960 $10,670 Retained earnings Total Total assets $17.185 $17.980 Total liabilities and equity $ 7,875 $ 8,100 $5,000 $ 5,250 1,490 2,060 $ 6,490 $ 7,310 $ 17.185 $17.980 Income Statement (S in Millions) Sales $ 9,610 Cost of Goods Sold 6,310 Depreciation 1,370 EBIT 1,930 Interest 630 Taxable income Taxes 455 Net Income $ 845 1,300 Question: What is the CURRENT RATIO? None of the above 2.21 6.0 1.35 2.84
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