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The following partial statement of financial position for Omar's toys is shown below. Current assets: Current liabilities: Cash Accounts receivable (net) Notes receivable Inventories Prepaid

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The following partial statement of financial position for Omar's toys is shown below. Current assets: Current liabilities: Cash Accounts receivable (net) Notes receivable Inventories Prepaid expenses Total current assets Plant assets (net) $ 60 170 50 200 25 505 255 $240 80 320 110 430 Accounts payable Other liabilities Total current liabilities Noncurrent liabilities Total liabilities Shareholders' equity: Share capital Retained earnings Total shareholders' equity Total liabilities and equity 150 180 330 $760 Total assets $760 What is the current ratio

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