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Classified Balance Sheet The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2017: Accounts

Classified Balance Sheet

The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2017:

Accounts payable $19,645 Income taxes payable $5,920
Accounts receivable 22,445 Interest payable 1,630
Accumulated depreciation - automobiles 22,990 Inventory 45,645
Accumulated depreciation - buildings 36,660 Land 275,000
Automobiles 114,950 Long-term investments 80,870
Bonds payable, due December 31, 2021 159,000 Notes payable, due June 30, 2018 11,000
Buildings 183,300 Office supplies 2,140
Capital stock, $10 par value 150,000 Paid-in capital in excess of par value 54,000
Cash 12,230 Patents 40,000
Prepaid rent 1,570
Retained earnings 313,175
Salaries and wages payable 4,130
Property, plant, and equipment:
Land $fill in the blank beac4ffb8ff8021_15
Automobiles $fill in the blank beac4ffb8ff8021_17
Accumulated depreciation fill in the blank beac4ffb8ff8021_19 fill in the blank beac4ffb8ff8021_20
Buildings $fill in the blank beac4ffb8ff8021_22
Accumulated depreciation fill in the blank beac4ffb8ff8021_24 fill in the blank beac4ffb8ff8021_25
Total property, plant, and equipment fill in the blank beac4ffb8ff8021_26
Intangible assets:
Patents fill in the blank beac4ffb8ff8021_28
Total assets $fill in the blank beac4ffb8ff8021_29

Compute Ruth's current ratio. Round your answer to two decimal places. fill in the blank _________ to 1

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