Assume the following: Total Asset equals 100,000 of which Current Assets equals 60,000 Total Liabilities equals 50,000 of which Current Liabilities equals 40,000 Determine the current ratio Enter the amount as a percentage (75%, 110%) or a decimal (0.75, 1.10). Round to two decimal places.

Assume the following: - Total Asset equals 100,000 of which Current Assets equals 60,000 - Total Liabilities equals 50,000 of which Current Liabilities equals 40,000 - Determine the current ratio Enter the amount as a percentage (75%,110%) or a decimal (0.75,1.10). Round to two decimal places