Elli Company reports the following year-end balance sheet data. The company's current ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 50,000 Current liabilities 65,000 Long-term liabilities 70,000 Common stock 155,000 Retained earnings. $ 85,000 42,000 110,000 103,000 $340,000 Total liabilities and equity $ 340,000