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Brief Exercise 204 Bramble & Associates Inc. reports the following account balances for the year ending June 30, 2022: Accounts payable Accounts receivable Cash and

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Brief Exercise 204 Bramble & Associates Inc. reports the following account balances for the year ending June 30, 2022: 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 $26,000 33,000 16,800 132,000 84,000 113,000 4,200 17,500 560,000 112,000 6,600 14,700 320,000 Compute the company's (a) current ratio and (b) debt to assets ratio. (Round current ratio to 2 decimal place (a) Current ratio :1 (b) Debt to assets ratio %

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