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The 2020 and 2021 partial balance sheets for Blossom Industries is shown below. 2020 2021 $ 28000 32000 $ 26900 36000 Current assets Cash and
The 2020 and 2021 partial balance sheets for Blossom Industries is shown below. 2020 2021 $ 28000 32000 $ 26900 36000 Current assets Cash and cash equivalents Accounts receivable, net Inventory Marketable equity securities Total current assets Plant & equipment, net 37000 35000 6200 6260 103200 104160 68800 47840 Total assets $172000 $152000 Current liabilities $32000 $42000 72000 52060 104000 94060 Noncurrent liabilities Total liabilities Total stockholders' equity Total liabilities and stockholders' equity 68000 57940 $172000 $152000 Calculate the current ratio for 2021. 1.24 0.69 0.64 2.48
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