USAir has $54 million of current assets and $58 million of noncurrent assets. It forecasts an EBIT of $10.4 million and pays income taxes at a 35% rate. Short-term bank notes carry a 5% interest rate, and the company can issue long-term bonds at 7%. The company has set a target debt ratio of 45%. Required: D. Based on the financial statements ab ve, calculate the current ratio in order to evaluate the company's risk and return. 46 D Current assets 47 Current liabilities 48 Return on equity 54,000,000 14,580,000 3.70%