Question 23 (1 point) What is the current ratio of Germany Corporation for 2020? Make sure you use the data from the correct year! (The following information applies to problems 37 to 17) The following financial information is for Germany Corporation INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 2020 Income Statement Sales Less: Cost of Goods Sold Less: Depreciation Expense Earnings Before Interest & Taxes (EBIT) Less: Interest Expense Less: Taxes (35%) Net Income After Taxes Dividends Paid Retained Earnings $205, 227 138,383 5,910 $60,934 1,617 20,760 $38,557 $14,300 $24,257 Balance Sheets as of December 31, 2017 and 2020 Assets As of December 31 2019 2020 ASSETS Current Assets Cash $4,607 $4,910 Accounts Receivable 6,702 8,149 Inventories 17,357 19,350 Total Current Assets $28,666 $32.409 Net Fixed Assets Total Assets $58,688 $87,354 $76,810 $109,219 LIABILITIES & STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable $3,413 Notes Payable 2,768 Other (e.g. Accruals) 138 Total Current Liabilities $6,319 Long-Term Debt (Bonds) $22,500 $3,846 3,416 165 $7,427 $19,000 Time Left:0:51:53 Tyler Harrell: Attempt 1 VETTURE 19.30 Total Current Assets $28,666 $32.409 Net Fixed Assets Total Assets $58,688 $87.354 $76,810 $109,219 LIABILITIES & STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable $3,413 Notes Payable 2,768 Other (e.g. Accruals) 138 Total Current Liabilities $6,319 Long-Term Debt (Bonds) $22,500 Total Liabilities $28,819 Owners' Equity Common Stock $38,000 Retained Earnings $20,535 Total Stockholders' Equity $58,535 Total Liabilities & Stockholders' Equity $87,354 $3,846 3,416 165 $7,427 $19,000 $26,427 $38,000 $44,792 $82,792 $109,219 0.82 1.22 None of the answers are correct the 4.13 4.36