Avocado Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8: 20X9 20X8 Cash and Receivables $175,000 $75,000 Merchandise Inventory 215,000 200,000 Property, Plant and Equipment, net 780,000 760,000 Total Assets $1,170,000 $1,035,000 Total Liabilities $475,000 $475,000 For the vertical analysis, what is the percentage of current assets as of December 31, 20X9? 50.00% 33.33% 26.57% 36.18%