3. Net working capital, working capital balances, and the current ratio Western Gas & Electric Company's Chief Financial Officer (CFO) has decided to take a closer look at the fum's short-term assets and abilities. WGECS balance sheet follows: Western Gas & Electric Company (WGEC) Balance Sheet Accounts receivable Inventory $700.000 $2.450,000 $5.050.000 Total current $7.000.000 Accounts payable 51.600.000 Accruals 51,050,000 Notes payable 51.470.000 Total current liabilities $4.200.000 Long-term debit 516,800.000 Total debt 521.000.000 Common equity 54,200.000 Retained earnings 59.800.000 Total equity $14.000.000 Total liabilities and equity 335.000.000 Niat plant and equipment $26.000.000 Total asset $35.000.000 The value of WGEC's networking capitalis And, WGECS current ratio Assume that Westem Gas & Electric Company decides to acquire an additional $1.750.000 in boventories and pay using its accounts payable. Given the condition of the company noted in the balance sheet this activity should be expected to cause WGECS current ratio to