Question 1 A corporation reports the following year-end balance sheet data. The company's equity ratio equals: $40,00o Current liabilities$75,000 Cash Accounts receivable55,000 Longterm liabilities35,000 Inventory Equipment 100,000 90,000 60,000 Common stock 145,000 Retained earnings Total iablites and$300,000 $300,0%eauit Total assets 0.37 O 1.27 O 2.07 O 0.58 O 0.63