Use the following balance sheet and income statement to calculate the firm's current ratio (current assets/ current liabilities): Income Statement Balance Sheet Assets Cash Accounts Receivable Inventories Land Other Fixed Assets Sales (all credit) $255,000 Cost of Goods Sold (153,000) $9.000 21,000 19,500 44,000 70,000 Operating Expenses (45,000) Depreciation (3,000) Interest Expense 19.000) Liabilities & Owners Equity Accounts Payable Long Term Debt Common Stock Paid in Capital Retained Earnings Taxes (15,300) 12.000 53,400 2,000 80,000 16,100 O 0.76 041 O 0.46 25