Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets: Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Accounts payable Accruals Notes payable Total current liabilities i Long-term debt Common stock Retained earnings Total liabilities and equity Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income Income Statements: Dividends paid Addition to retained earnings Shares outstanding Price WACC 2019 2018 80 $65 300 350 $715 1,490 $2,205 $ 275 375 $ 730 2,000 $2,730 $150 $ 85 50 155 75 W 130 $ 355 450 1,225 700 $2,730 2019 $1,885 1.250 $635 2018 $1,425 1,000 $ 425 100 75 $ 535 $350 63 46 $ 472 $ 304 118 $ 354 $290 290 1,225 400 $2,205 $ $ 300 76 $ 228 54 $ 48 $ 180 100 100 $25.00 $22.50 10.00% What is the firm's 2019 current ratio? Round your answer to two decimal places. The 2019 current ratio indicates that Rosnan has Select V current assets to meet its current obligations as they come due What is the firm's 2019 total assets turnover ratio? Round your answer to four decimal places