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25 Consider the following balance sheet Orleans Corporation Consolidated Balance Sheet December 31, 2018 and 2017 (in $ millions) Liabilities and Assets 2018 2017 Stockholders'

image text in transcribedimage text in transcribed 25 Consider the following balance sheet Orleans Corporation Consolidated Balance Sheet December 31, 2018 and 2017 (in $ millions) Liabilities and Assets 2018 2017 Stockholders' Equity 2018 2017 Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable 87.6 73.5 Notes payable/ Accounts receivable 55.5 39.6 short-term debt 10.5 9.6 Inventories Other current assets 45.9 42.9 Current maturities of long- term debt 39.9 36.9 6.0 3.0 Other current liabilities 6.0 12.0 Total current assets 171.0 144.0 Total current liabilities 144.0 132.0 Long-Term Assets Long-Term Liabilities Land 66.6 62.1 Long-term debt 239.7 168.9 66.6 62.1 Land Long-term debt 239.7 168.9 Buildings 109.5 91.5 Capital lease obligations Equipment 119.1 99.6 Total Debt 239.7 168.9 Less accumulated depreciation (56.1) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment 239.1 200.7 Goodwill 60.0 1 Other long-term liabilities Total long-term liabilities 262.5 191.1 Other long-term assets 63.0 42.0 Total liabilities 406.5 323.1 Total long-term assets 362.1 242.7 Stockholders' Equity 126.6 63.6 Total Assets 533.1 386.7 Total liabilities and Stockholders' Equity 533.1 386.7 Orleans's current ratio for 2017 is closest to a. 1.19 b. 1.09 c. 0.84 d. 0.92

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