The following information pertains to Skysong, Inc. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $54000 Accounts receivable (net) 25000 Inventory 25000 Property, plant and equipment 226000 Total Assets $330000 Liabilities and Stockholders' Equity Current liabilities $65000 Long-term liabilities 77000 Stockholders' equity-common 188000 Total Liabilities and Stockholders' Equity $330000 Income Statement Sales revenue $77000 Cost of goods sold 47000 Gross profit 30000 Operating expenses 26000 Net income $4000 Number of shares of common stock 10000 Market price of common stock $20 Dividends per share on common stock 9.6 Cash provided by operations $37000 What is the current ratio for this company? Stockholders' equity-common 188000 Total Liabilities and Stockholders' Equity $330000 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income $77000 47000 30000 26000 $4000 Number of shares of common stock 10000 Market price of common stock $20 Dividends per share on common stock 9.6 Cash provided by operations $37000 What is the current ratio for this company? O 1.34 O0.78 O 1.60 0.98 Save for Later