9. GALLOWAY COMPANY Balance Sheet December 31, 2011 Assets Cash.. $ 86,000 Accounts receivable 76,000 Merchandise inventory 122,000 Prepaid insurance 12.000 Long-term investments 98,000 Plant assets, net 436,000 Total assets $830,000 Liabilities and Equity Current liabilities.... $124,000 Long-term liabilities 90,000 Common stock 300,000 Retained earnings 316,000 Total liabilities and equity $830,000 $ 1. What is Galloway Company's current ratio? 2. What is Galloway Company's debt ratio