III. This is the information of "Comspany Fun A" for questions 14-15, short answer questions/problems 2. lacome Statement (Millioas of 5) 20e 201Se 2017 Assets Cash and securities Accounts receivabie 93,200 S2,200 S2000 Operating costs except depreciation 381813 $11,200 $11,000Depreciation 53,000 Total current assets Gross Fixed Asset Net plant and equipment $15,000 s1,000Earnings before interest and taxes $25.400 $27,000Less interest $48,000 $45,300 Earnings before tases (EBT) $45,000 541,500 573.400 $68.500 Taxes $1.375 57,012 524542 Total assets $4,558 Liabilities and Equity(Millions of S) Accounts payable Notes payable $9,000 $7,500 Other data: 6,000 6,000 5,000 5,000 Shaes outstanding (milions) $637.59 10.00% Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity $20,000 $18,00Common dividends $18,400 538,400 $4,000 31,000 $35,000 $53,500 $4,000 S1L,000 After-tax cost of capital Federal plus state income tax rate Year-end stock price 2017 Depreciationl million $28.70 $4,000 $35,000 $15,000 Total liabilities and equity$73.400 $68.500 14. For the year 2018e, what is the ability of total current assets to cover short-term obligations (hint: Total CA/Total CL)? These firm's total current assets are expected to be converted to cash quickly in the near future a. 0.67