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Question 6 Bright Lights, Inc. had the following accounts on its balance sheet at year-end: Accounts Payable of $10,000,000; accounts receivable of $30,000,000; short-term notes

Question 6 Bright Lights, Inc. had the following accounts on its balance sheet at year-end: Accounts Payable of $10,000,000; accounts receivable of $30,000,000; short-term notes payable of $54,000,000; Long-tern debt of $70,000,000; cash and cash equivalents of $7,000,000, inventory of $45,000,000; and property, plant & equipment of $35,000,000. Using this information what is Bright Lights current ratio?

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