Sabin Electronics Comparative Balance Sheet This Year Last Year Assets Current assets: Cash.... Marketable securities Accounts receivable, net Inventory.... Prepaid expenses Total current assets...... Plant and equipment, net Total assets $ 70.000 0 480.000 950.000 20.000 1,520,000 1.480.000 $3,000,000 $ 150,000 18,000 300,000 600,000 22,000 1,090,000 1,370.000 $2,460,000 $ 800.000 600,000 1.400.000 $430,000 600,000 1.030.000 Liabilities and Stockholders' Equity Liabilities: Current liabilities. Bonds payable, 12% Total liabilities Stockholders' equity: Common stock, $15 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity... 750.000 850,000 1,600,000 $3.000.000 750.000 680,000 1,430,000 $2.460.000 Sabin Electronics Comparative Income Statement and Reconciliation Brown Corporation has a current ratio of 2 in year 1. In year 2, Brown Corporation's current ratio increases to 4. What does this higher current ratio indicate? X A The company has excess cash to pay liabilities B The company's short-term debt is coming due within the next year The company's long-term debt is coming due within the next year D The company's short-term debt is more likely to be paid on-time and in full Question 3 5 Points D Using Sabin Electronics' Financial Statements in the Extra Sheet for Exam #2 - Compute the Earnings per Share for This Year $Blank 1 and Last Year $Blank 2. Answer should be in dollars and cents. Blank 1 Add your answer Blank 2 Add your