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Question 9 (1 point) A firm reported the following balance sheet: ASSETS Cash and Equivalents Accounts Receivable Inventory Tot. Current Assets Net Plant and Equipment

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Question 9 (1 point) A firm reported the following balance sheet: ASSETS Cash and Equivalents Accounts Receivable Inventory Tot. Current Assets Net Plant and Equipment Other Long Term Assets Tot. Longterm Assets Total Assets 520.00 $ 200.00 $ 295.00 ? $ 50.00 $ 2,000.00 ? ? LIABILITIES Accounts Payable Accrued Wages and Taxes Notes Payable Tot. Current Liabilities LongTerm Debt Total Liabilities 75.00 $ 20.00 $ 225.00 .. $ 700.00 STOCKHOLDER'S EQUITY Common Stock $ 500.00 Retained Earnings ? Tot. Stockholder's Equity ? What is the current ratio of this firm? Answer using two decimal figures. Your

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