The following balance sheet information is provided for Drake Company for 2014: What is the company's current ratio? 0.75 1.53 3.00 1.40 During its first year of operations, Silver Company paid $12, 240 for direct materials and $10, 700 for production workers' wages, tease payments and utilities on the production facilities amounted to $9, 700 while general, selling, and administrative expenses totaled $3, 800. The company produced 6, 800 units and sold 4, 200 units at a price of $7.30 a unit. What was Sliver's net income for first year of operation? $20, 960 $6, 700 $26, 860 $7, 720 Financial ratios can be used to assess which of the following aspects of a firm's performance? liquidity Solvency Profitability All of these answers are correct