The following are selected financial and operating data taken from the 2 points financial statements of XYZ Corporation: Accounts 2014 2013 Cash P540,000 P720,000 Accounts Receivable, net P650,000 P1,400,000 Inventories P840,000 P1,200,000 Marketable Securities P120,000 P80,000 Property, Plant, & Equipment, net P2,440,000 P2,720,000 Bonds Payable- long-term P2,160,000 P2.240,000 Accounts Payable- trade P560,000 P880,000 Notes Payable- short-term P160,000 P320,000 Sales (40% credit, 60% cash) P18,000,000 P20,000,000 Cost of Goods Sold P8,000,000 P11,200,000 Operating Expenses P 5,000,000 P 6,000.000 Compute the following ratios Current ratio