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Omega Company provided the following balance sheet for 2014: Assets Cash $ 3,600 Accounts receivable 5,750 Inventory 10,150 Prepaid expenses 1,650 Plant and equipment, net

Omega Company provided the following balance sheet for 2014:

Assets
Cash $ 3,600
Accounts receivable 5,750
Inventory 10,150
Prepaid expenses 1,650
Plant and equipment, net of depreciation 28,000
Land 20,100
Total assets $ 69,250
Liabilities and Stockholders' Equity
Accounts payable $ 2,500
Salaries payable 7,500
Bonds payable (Due in 2020) 10,000
Common stock, no par 14,000
Retained earnings 35,250
Total liabilities and stockholders' equity $ 69,250

What is the company's plant assets to long-term liabilities ratio? (Round your final answer to 1 decimal place.)

2.2

2.8

2.0

None of these answers is correct

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