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The 2020 and 2021 partial balance sheets for Blossom Industries is shown below. 2020 2021 Current assets Cash and cash equivalents Accounts receivable, net Inventory

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The 2020 and 2021 partial balance sheets for Blossom Industries is shown below. 2020 2021 Current assets Cash and cash equivalents Accounts receivable, net Inventory Marketable equity securities Total current assets Plant & equipment, net Total assets $ 39000 $ 37900 43000 47000 48000 46000 7300 7430 137300 138330 82700 57670 $220000 $196000 Current liabilities Noncurrent liabilities Total liabilities Total stockholders' equity Total liabilities and stockholders' equity $43000 $53000 83000 63014 126000 116014 94000 79986 $220000 $196000 Calculate the current ratio for 2021. Current liabilities Noncurrent liabilities Total liabilities Total stockholders' equity Total liabilities and stockholders' equity $43000 $53000 83000 63014 126000 116014 94000 79986 $220000 $196000 Calculate the current ratio for 2021. 0.71 0.72 2.61 1.19

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