The following represents financial date for Co ABC. Assume that asset and liability values represent the period average. Also assume all sales are on credit. What is the current ratio for ABC? Cash $100,000 AR $150,000 Inventory $100,000 Property, Plant & Equipment $200,000 Current Liabilities $300,000 LT Liabilities $200,000 Stockholders' EQ $50,000 Total Revenue $900,000 Total Expense $850,000 (which includes $450,000 Cost of Goods Sold) Outstanding Shares 50,000 shares Price per Share $20/share 1.10 1.17 1.00 1.83 0.83 What are the basic types of financial analysis? horizontal, vertical and cash flow analysis horizontal and vertical analysis horizontal, vertical and profitability analysis horizontal, vertical and ratio analysis liquidity, solvency and profitability Why would one company have a higher P/E ratio than another? the market believes one company will have higher profits next year than the other the market believes the other company will be acquired one company has higher profits this year than the other one company has a higher profit margin this year than the other the market believes the company's future earnings will grow at a faster rate than the other