Blue Spruce & Associates Inc. reports the following account balances for the year ending June 30, 2022: $22,000 38,000 Accounts payable Accounts receivable Cash and cash equivalents Goodwill Inventory Notes payable (due 2027) Interest payable Notes payable (due within one year) Property, plant, and equipment Accumulated depreciation Prepaid insurance Salaries and wages payable Bonds payable 15,600 124,000 81,000 105,000 3,000 12.000 550,000 113,000 8,950 12,500 305,000 Compute the company's (a) current ratio and (b) debt to assets ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1 and debt to assets ratio to 0 decimal place, e.g. 55%.) (a) Current ratio :1 (b) Debt to assets ratio %