Exhibit 3.1: The following is the balance sheet and income statement for John Harper Inc for 20X9 Balance Sheet (Millions of $) Assets 2012 Cash and securities $ 1,554.0 Accounts receivable 9,660.0 Inventories 13.440.0 Total current assets $24,654.0 Net plant and equipment 17.346,0 Total assets $42.000.0 Liabilities and Equity Accounts payable $ 7,980,0 Notes payable 5,880.0 Accruals 4,620,0 Total current liabilities $18.480.0 Long-term bonds 10.920,0 Total debt $29,400.0 Common stock 3.360.0 Retained earnings 9,2400 Total common equity $12.600.0 Total liabilities and equity $42.000,0 Income Statement (Millions of s) 2012 Net sales $58,800.0 Operating costs except depreciation $54.978.0 Depreciation S01.0290 Earnings before interest and taxes (EBIT) $ 2.793.0 Less interest -1.0500 Earnings before taxes (EBT) $ 1.7430 Taxes 6101 Net Income 11330 Other data: Number of common shares outstanding (Millions) 175.00 Common dividends $ 509.83 Interest rate on Notes payable & Long-Term bonds 625 Federal plus state income corporate tax rate 35% Year-end stock price 577.69 Refer to Exhibit 3.1. What is the firm's current ratio Refer to Exhibit 3.1. What is the firm's market-to-book ratio? O 0.92 0.66 0.56 0108 O 0.78 Question 24 Refer to Exhibit 3.1. What is the firm's equity multiplier? 3.68 3.50 4.05 333 3.86