Current Liabilities and Ratios Several accounts that appeared on Snow's 2017 balance sheet are as follows: Accounts Payable Marketable Securities $76,000 40,000 88,800 Equipment Taxes Payable Retained Earnings $950,000 15,000 Accounts Receivable 250,000 Notes Payable, 12%, due in 60 days 20,000 Inventory 165,000 20,000 Capital Stock 1,150,000 Allowance for Doubtful Accounts Salaries Payable Land 600,000 10,000 65,000 Cash Required: Snow Partial Balance Sheet As Of December 31, 2017 Current liabilities: Accounts payable $ 76,000 Notes payable, 12%, due in 60 days 20,000 Taxes payable 15,000 Salaries payable 10,000 Total current liabilities 121,000 Feedback Check My Work Prepare the liabilities section of the balance sheet. 2. Compute Snow's working capital. x 3. Compute Snow's current ratio. Round your answer to one decimal place. :1