Surved 180 599 80 Less: Depreciation Earnings before interest and taxes Less: Interest pald Taxable income Less: Taxes Net Income Addition to retained earnings Dividends pald 519) 156) $363 $254 109 Young, Inc. 2017 and 2018 Statement of financial position ($ In millions) 20171 2018 2017 Cash $100 $121 Accounts payable $400 Accounts rec. 350 425 Notes payable 390 Inventory 440 410 Total $790 Total $8901 $956 Long-term debt 500 Net fixed assets 1.556 1.704 Common stock 600 Retained earnings 556 Total assets $2,446 $2,660 Total liabilities $2.446 2018 $350 370 $720 550 580 810 $2.660 What was inventory turnover for 2018? Accounts rec. Inventory Total Net fixed assets 3500 425 Notes payable 440 410) Total $890 $956 Long-term debt 1.556 1.704 Common stock Retained earnings $2,446 $2,660 Total liabilities 390 370 $7901 $7200 500 5501 600 580 556 8101 $2,446 $2,660 Total assets What is the current ratio for Young in 2018? Multiple Choice 1.13 1.21