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80000 Assets in KD) Cash 70139 Accounts receivable 100000 Inventory 210000 Property, Equipment, Plants 1500000 Less: Amortization 50000 Liabilities in KD) Accounts payable Accrued expenses

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80000 Assets in KD) Cash 70139 Accounts receivable 100000 Inventory 210000 Property, Equipment, Plants 1500000 Less: Amortization 50000 Liabilities in KD) Accounts payable Accrued expenses Notes payables Long-term borrowings Total liabilities Total equity 100000 180000 400000 Total assets Total Liabilities and Total Equity Consider the above balance sheet. Calculate the current ratio of this company. In the reasons box, comment on the liquidity position of the company. Note: Use two decimal points in your answer (1.23, 1.58, ...) Answer: Give your reasons

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