A company's partial balance sheet is shown below ($ in thousands). $ 240 80 320 110 430 Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 60 Accounts payable Accounts receivable (net) 170 Other liabilities Notes receivable 50 Total current liabilities Inventories 200 Long-term liabilities Prepaid expenses 25 Total liabilities Total current assets 505 Shareholders' equity: Plant assets (net) 255 Capital stock Retained earnings Total shareholders' equity Total assets $ 760 Total liabilities and equity The current ratio is (Round your answer to two decimal places.): 150 180 330 $ 760 0.66 1.17. 1.98 1.58. Recent financial statement data for Gonzalez Distillery follows: $ 125 36 Income before interest and Current liabilities $ 180 taxes 10% Bonds, long-term 360 Interest expense Total liabilities 540 Income before tax Shareholders' equity Income tax Capital stock 200 Net income Retained earnings 280 Total shareholders' equity 480 Total liabilities and equity $ 1,020 89 27 $ 62 Gonzalez's times interest earned ratio is (Round your answer to two decimal places.): 10.0. 3.47 O 1.73 2.47 Question 41 3 pts For the year ended 12-31-2019, Karapetyan's Biscuits reported net income of $78,750. On January 1, 2019, the balances in accounts receivable and accounts payable were $40,250 and $45,500 respectively. Year-end balances in these accounts were $38,500 and $49,000, respectively. Assuming that all relevant information has been presented, Karapetyan's cash flows from operating activities would be: $80,500. $77,000. $84,000 $78,750. Question 46 2 pts Consider the following scenarios: 1. LTI Maintenance performed machinery reapair services for Mooky, Inc. on 7-1-19 and received payment of $600 for those services. II. On 7-1-19, Follie Company received payment for 125 pounds of raw material that will be shipped Mooky in five months. III. Korro, Inc collected cash on 7-1-19 for services rendered on 5-1-19. Revenue cannot be recognized on 7-1-19 for: I, II Ill only II, III only O I only