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M13.9 Inferring Financial Information Using the Current Ratio [LO 13-4] Mystic Laboratories reported total assets of $10,700,000 and noncurrent assets of $1,055,000. The company also

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M13.9 Inferring Financial Information Using the Current Ratio [LO 13-4] Mystic Laboratories reported total assets of $10,700,000 and noncurrent assets of $1,055,000. The company also reported a current ratio of 1.5. What amount of current liabilities did the company report? Answer is complete but not entirely correct. Current Liabilities $70,630,000 X

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