Balance Sheet 2020 Cash $85000 Short-term investments 26000 Net receivables 65000 Inventory 112000 Prepaid expenses 1200 Total current assets $289200 Total current liabilities 45000 Income Statement Net sales $639000 Cost of goods sold $465000 Net income $53000 Cash Flow Statement: Net cash provided by operations $76000 2019 $76000 12000 70000 88000 1500 $247500 52000 $595000 $321000 $32000 $53000 Required: The owners of EarthCare Landscaping are interested in measuring the company's ability to pay its current liabilities They want you to calculate as at the end of 2020 using the most stringent (or strict) ratio to assist them with their analysis. Round your answer to 2 decimal places Answer Next page