Remalning Time: 2 hours, 33 minutes, 36 seconds. Question Completion Status: For the next 6 questions suppose the following data: Balance Sheet 30,000 Accruals 70,000 Accounts Payable Cash & MS Receivables Inventories Fixed Assets Total Assets 120,000 Notes Payable 480,000L-T Liabilities 700,000 Common Equity 20,000 60,000 80,000 140,000 400,000 700,000 Total Annual Sales $1,400,000 Cost of Goods Sold $960,000 Net Income$63,000 Number of Shares Outstanding 30,000 What is the current ratio of the firm? 1225 0 1.375 O 1.875 O1.905 2.145 QUESTION 28 Click Save and Submit to save and submit. Click Save All Answers to save all answers