3. Net working capital, working capital balances, and the current ratio Praxis Corporation's Chief Financial Officer (CFO) has decided to take a closer look at the firm's short-term assets and liabilities. Praxis's balance sheet follows: The value of Praxis's net working capital is . And, Praxis's current ratio is Assume that Praxis Corporation decides to acquire an additional $1,750,000 in inventories and pay using it 2. Given the condition of the company noted in the balance sheet, this activity should be expected to cause Praxis's current ratio to