Please answer

Current ratio = current asset/current liability

Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF INC. Balance Sheets as of December 31, 2005 and 2006 2005 2006 2005 2006 Liabilities and owners' Equity Current liabilities Current assets Accounts payable S 1,975 2,190 2,612 2,783 Cash Accounts receivable 3,108 3,780 1,386 1,438 Notes payable 179 Other 80 9,840 10 Inventory 3.441 S 3.807 Total $15,560, $17,533 Total 12,510 Long-term debt Fixed Assets Net plant and 29,650 41.323 Owners' equity equipment Common stock and paid in surplus $25,000 $25,000 Retained earnings 4,259 16,209 $29.259 $41.209 Total $45.210 $58.856 $45.210 $58.856 Total Total assets