Use the following information from Howard Corporation for the questions below. Assume all figures are fiscal year end. Sales revenue $1,000,000 cost of goods sold $600,000 net income $200,000 cash $100,000 average inventory $200,000 total current assets $400,000 total assets $800,000 total current liabilities $200,000 total liabilities $500,000 retained earnings $250,000 What is the current ratio for Howard Corporation? 0.5 2.0 400 4.0 What is the gross profit for Howard Corporation? O $400,000 $200,000 $250,000 O none of the above