Use the following information to answer the questions:

Assets Liabilities and Equity Cash 9,000 Accounts payable 12,000 Marketable securities 0 Notes payable 8,000 Accounts receivable 13,000 Current liabilities 20,000 Inventory 28,000 Long-term debt 95,000 Current assets 50,000 Total liabilities 115,000 Machines 56,000 Paid-in capital 20,000 Real estate 34,000 Retained earnings 5,000 Fixed assets 90,000 Equity 25,000 Total assets 140,000 Total liab. & equity 140,000

Part 1 What is the current ratio?

Use the following information to answer the questions: art 1 What is the current ratio