Asiago Company reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 60,000 Current liabilities $ 95,000 Accounts receivable 75,000 Long-term liabilities 20,000 Inventory 80,000 Common stock 120,000 Equipment 165,000 Retained earnings 145,000 Total assets $ 380,000 Total liabilities and equity $ 380,000