What is the firm's current ratio? Exhibit for questions # 40-50 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of S) Assets Cash and securities Accounts receivable Inventories 2015 $ 2,500 11,500 16.000 $30,000 $20.000 $50,009 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities $ 9,500 5,500 7.000 $22,000 Long-term bonds Total liabilities $15.000 $37,000 Common stock $ 2,000 Retained earnings 11.000 e non Click Save and Submit to save and submit. Click Save AN Answers to serve all answers 275 285 295 300 310 325 336 34 35 365 370 386 390 40 41 42 Total common equity Total liabilities and equity $13,000 $50,000 2015 $87,500 81,813 1.531 Income Statement (Millions of S) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes $ 4,156 1.375 $ 2,781 973 Net income $ 1,808 Other data: 500.00 $632.73 Shares outstanding (millions) Common dividends Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 6.25% 35% $43.39 a. 0.99 b.1.10 Click Save and Submit to save and submit. Click Save All Answers to save all answers. 80 F3 000 DOO go DU F4 F5 F6