What is the current ratio? 

Assume a company provided the following balance sheet: Current assets: Cash $ 64,000 Accounts receivable 50,000 Inventory 150,000 Total current assets 264,000 Property, plant & equipment, net 380,000 Total assets Current liabilities: Accounts payable Accrued liabilities Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity $ 644,000 Total liabilities and stockholders' equity $ 90,000 40,000 130,000 110,000 240,000 170,000 234,000 404,000 $ 644,000