< Several accounts that appeared on Atunlu's 2017 balance sheet are as follows: Accounts Payable Marketable Securities $84,000 Equipment $950,000 40,000 Taxes Payable 15,000 Accounts Receivable 175,700 Retained Earnings 250,000 Notes Payable, 12%, due in 6 days 20,000 Inventory 165,000 Capital Stock Salaries Payable Cash Required: 1. Prepare the Current Liabilities section of Atunlu's 2017 balance sheet. Atunlu Partial Balance Sheet As of December 31, 2017 Current liabilities: 1,150,000 Allowance for Doubtful Accounts 20,000 10,000 Land 600,000 65,000 Total current liabilities Required: 1. Prepare the Current Liabilities section of Atunlu's 2017 balance sheet. Atunlu Partial Balance Sheet As Of December 31, 2017 Current liabilities: 2. Accounts receivable Allowance for doubtful accounts Equipment Inventory Marketable securities Notes payable, 12 %, due in 60 days 3. Compute Atunlu's current ratio. Round your answer to one decimal place. : 1 What does this ratio indicate about Atunlu's condition? It seems that Atunlu has current assets to meet its short-term obligations