Alpha Company provided the following balance sheet for Year 2: Assets Cash Accounts receivable Inventory Prepaid expenses plant and equipment, net of depreciation Land $3,800 5,950 10, 250 1,300 28,400 20,500 $70,200 Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $2,600 7,400 10,500 14,500 35, 200 $70, 200 What is the company's plant assets to long-term liabilities ratio? Multiple Choice 3.29 2.70 1.38 None of these answers are correct