just dew it corporation reports the following balance sheet information for 2017 and 2018 7,800

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 Current assets Cash $ 10,150 Accounts receivable 27,700 Inventory 62,300 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 2018 Current liabilities $ 70,250 $ 10,300 Accounts payable $ 61,250 28,950 Notes payable 47,250 46,750 $ 117,500 64,800 Total $ 108,000 Total $ 59,900 $ 63,900 Fixed assets Net plant and equipment Total assets $100,150 $ 104,050 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $325,000 $ 342,000 Total $ 425,150 $ 446,050 Total liabilities and owners' equity $ 89,000 $ 89,000 158,750 185,150 $ 247,750 $ 274,150 $ 425,150 $ 446,050 Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2017 a. Current ratio