[The following information applies to the questions displayed belowj The condensed balance sheet and income statement for Marjoram Company are presented below MARJORAM COMPANY Balance Sheet At December 31, 2018 Cash Nontrade receivable due August 15, 2019 Accounts receivable (net) Merchandise inventory Property, plant, and equipment (net) Intangible assets $ 19,000 35,000 48,400 70,600 250,000 12,400 $435,400 Total assets Current liabilities 11% Bonds payable, long-term Paid-in capital Retained earnings $108,400 100,000 70,000 157,000 $435,400 Total liabilities and equity MARJORAM COMPANY Income Statement For the Year ended December 31, 2018 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before income taxes Income taxes $704,000 422,400 $281,600 166, 200 $115,400 11,000 $104,400 31,320 $ 73,080 Net income Required: Compute the current ratio for Marjoram Company. (Round your answer to two decimal places.) Current ratio Required Compute the debt to equity ratio for Marjoram Company. (Round your answer to two decimal places.) Debt to equity ratio