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The following information comes from the financial records of Thatcher Company. Using this information, what is Thatcher's CURRENT RATIO? Accounts Payable 210 Accounts Receivable 1,600

The following information comes from the financial records of Thatcher Company. Using this information, what is Thatcher's CURRENT RATIO? Accounts Payable 210 Accounts Receivable 1,600 Capital Stock 120 Cash 50 Cost of Goods Sold 300 Inventory 190 Long-term Debt 1,820 Net Income 140 Property, Plant, and Equipment (net) 700 Retained Earnings 390 Sales 1,500 Market value of shares 3,000 0.79 1.00 7.86 8.76

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