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) Cost of Goods Sold $255,000 (153,000) $9,000 26,000 19,500 49,000 70,000 Operating Expenses (45,000) Depreciation (3,000) Interest Expense (9,000) 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 26,100 O 2.5 O 7.8 O 0.76 0 4.1 0.4.5