A corporation reports the following year-end balance sheet data. The company's current ratio equals 17 Cash Accounts receivable Inventory Equipment Total assets $ 55,000 Current liabilities 70,000 Long-term liabilities 75,000 Common stock 160,000 Retained earnings $360,000 Total liabilities and equity $ 90,000 45,000 115,000 110,000 $360,000 105-12 Multiple Choice 0.63 0.38 1.39 O 0.60 Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year: Work in Process, January 1 Work in Process, December 31 Total factory overhead Direct materials used Direct labor used $50,200 37,100 5,600 12,600 26,600 Multiple Choice $95,000 O $44,800 O $52,300