The Paradise Technology Corporation (PTC) financial statements follow (Click the icon to view the consolidated balance sheets.) E (Click the icon to view the consolidated income statements.) PTC's current ratio at year-end 2020 is closest to (Round your answer to one decimal place.) O A. 1.1 B. 0.9 OC. 0.7 OD. 10 Paradise Technology Corporation Consolidated Statements of Financial Position (in millions) December 31, 2020 2019 Assets Current assets: S 3,900 $ 3,793 Cash and cash equivalents Short-term investments Accounts receivable, net Inventories 830 490 3.500 339 1,500 2,200 316 1,200 Other Total current assets Property, plant, and equipment, net investments 7 999 1 000 10.069 1.650 6 200 570 5.200 Other non current assets i Consolidated balance sheets 18,489 $ 14,459 Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable S 7,800 $ 3,900 6,000 2,400 11,700 8,400 499 500 1,900 970 14.099 9,870 Accrued and other Total current liabilities Long-term debt Other non-current liabilities Commitments and contingent liabilities Total liabilities Shareholders' equity: Preferred shares, shares issued 0 Common shares shares authorized 7,000 shares issued 15 391 and 2,679, respectively Retained earnings Other comprehensive loss 340 1,500 3.191 4,183 (81) (43) Print Done Consolidated balance sheets Accounts payable $ 7,800 $ 3,900 6,000 2,400 Accrued and other Total current liabilities 11,700 8,400 499 500 Long-term debt Other non-current liabilities 1,900 970 Commitments and contingent liabilities Total liabilities 14,099 9,870 Shareholders' equity: Preferred shares shares issued 0 Common shares, shares authorized 7.000 shares issued 15 391 and 2.679, respectively Retained earnings Other comprehensive loss Other 340 1,500 4,183 (81) (52) 4.390 3.191 (43) (59) 4.589 Total shareholders' equity S 18,489 $ 14.459 Total liabilities and shareholders' equity ver Print Done Paradise Technology Corporation Consolidated Statements of Income (in millions, except per share amounts) Years Ended December 31, he 2020 2019 2018 Net revenue $ 45,000 $ 30,000 15,000 38,500 $ 25,000 35,000 25,500 9,500 13,500 3350 2.450 2.400 860 550 Cost of goods sold Gross profit Operating expenses: Selling general, and administrative Research development and engineering Special charges Total operating expenses Operating income Investment and other income (loss), net imahe town 422 322 4210 3.000 3,144 10,790 110 10.500 193 6.356 (28) 03 R20 nswer Print Done i Consolidated income statements - X 2020 2017 2018 Net revenue 45,000 $ 30,000 38,500 $ 25,000 35,000 25,500 15,000 13,500 9,500 2.400 3,350 860 2,450 550 Cost of goods sold Gross profit Operating expenses: Selling general, and administrative Research, development, and engineering Special charges Total operating expenses Operating income Investment and other income (loss)net Income before income taxes 422 322 4,210 3,000 3.144 10,790 110 10,500 193 6 356 (28) 10.900 1,050 10,693 900 6,328 495 Income tax expense Net income 9,850 S 9.793 | 5.833 Earnings per common share: 1.09s 0.72 s 0.46
