MARNI COMPANY Balance sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debt $50,000100,000200,000650,000$ Common stock 1,000,000 Paid-in capital $100,000 Retained earnings 90,000 250,000 100,000 50,000 410,000 Total liabilities and stockholders' equity $1,000,000 MARNI COMPANY Income statement For the year ended December 31 \begin{tabular}{lr} Sales (all on credit) & $2,000,000 \\ Cost of goods sold & 1,750,000 \\ Gross profit & $250,000 \\ Sales and administrative expenses & 30,000 \\ Fixed lease expenses & 10,000 \\ Depreciation & 60,000 \\ Operating profit & $150,000 \\ Interest expense & 25,000 \\ Profit before taxes & $125,000 \\ Taxes (40\%) & 50,000 \\ Net income & $75,000 \\ \hline \end{tabular} Refer to the tables above. Marni's current ratio is Multiple Choice None of the options 0.801 1.841 0.5:1