Edit in Browser > Download Save to OneDrive Homework Chapter 3 Le Accessibility MC Exercise 3 The 2018 balance sheet for the Variant Corporation is shown below. Variant Corporation Balance Sheet At December 31, 2018 Assets: (S in 000) Cash. $ 60,000 Accounts receivable (net) 140.000 Inventories... 160,000 Property, plant, and equipment (net). 350.000 Total assets $710.000 Liabilities and Shareholders' Equity: Current liabilities $ 180,000 Long-term liabilities. 200,000 Common stock 200,000 Retained earnings 130.000 Total liabilities and shareholders' equity. $710.000 The company's 2018 income statement reported the following amounts (S in thousands): Net sales $1,300,000 Interest expense 20,000 Income tax expense 50,000 Net income 80,000 Required: Calculate the following ratios for 2018: 1. Current ratio LOL TUTTI NOV 15 6 . tv 0 A