Allied Biscuit Company's Chief Financial Officer (CFO) has decided to take a closer look at the firm's short-term assets and liabilities. ABC's balance sheet follows: Allied Biscuit Company (ABC) Balance Sheet Cash Accounts receivable Inventory Total current assets $1,260,000 787,500 1,102,500 $3,150,000 17,850,000 $21,000,000 4,200,000 9,800,000 $14,000,000 $35,000,000 $525,000 1,837,500 2,887,500 Accounts payable Accruals Notes payable Total current liabilities Long-term debt $5,250,000 Total debt Common equity Retained earnings Total equity Net plant and equipment 29,750,000 Total assets $35,000,000 Total liabilities and equity What is ABC's current ratio? What is the value of ABC's net working capital? O 1.67 times O 0.09 times O 11.11 times O 0.25 times O $3,150,000 $5,250,000 O $35,000,000 O $2,100,000 Assume that ABC capital. Given the condition ABC's current ratio to decides to purchase $1,750,000 in additional inventories and pay for them using long-term debt of the company noted in the balance sheet, this activity should be expected to cause Payer WIN 34.1 2004-2016 Apla. All rigts reserved Grade lit Now Save &Continue