The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not leasc any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over, Balance Sheet (Millions of 5) Assets Cash and securities Accounts receivable 2015 $2,500 11,500 16.000 $30,000 $20.000 $50,000 Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities 59,500 5.500 177.000 $22,000 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $15.000 $37.000 $ 2,000 11.000 $13.000 $50,000 Income Statement (Millions of $). 2015 Net sales $87,500 81,813 1,531 Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) $ 4,156 1,375 $ 2,781 973 Taxes Net income $ 1,808 Other data: 500.00 Shares outstanding (millions) Common dividends $632.73 Int rate on notes payable & L-T bonds 6.25% 35% Federal plus state income tax rate Year-end stock price $43.39 O a. 0.51 O b. 0.64 O c.0.76 O d. 0.92 O e. 1.10 What is the firm's current ratio? Exhibit for questions # 40-50 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet Millions of si QUESTION 40 What is the firm's current ratio? Exhibit for questions # 40-50 The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over