ASSIGNMENT 7.1: USING RATIOS TO ASSESS CURRENT AND LONG-TERM LIABILITIES In FY 2010, the MLK Settlement House has total assets of $1.2 million and current assets of $300,000. Its current liabilities are $200,000, and its long-term liabilities are $800,000. What ratios can be used with these data? What would the answers be? Given the fact that there is only one years worth of data, what conclusions can you draw?