What is the firm's current ratio in 2012? Express your answer as a decimal and round it to two decimal places (e.g., 0.51). Use the following information for Questions 6-10. Sales COGS Gross profit Operating expenses Depreciation Operating income Interest exp. EBT Taxes Net Income Income Statement 2012 2013 2014 675,000 650,000 600,000 330,000 370,000 375,000 345,000 280,000 225,000 165,000 175,000 180,000 20,000 15,000 10,000 160,000 90,000 35,000 10,000 7,500 5,000 150,000 82,500 30,000 60,000 33,000 12,000 90,000 49,500 18,000 Cash Accounts receivable Inventories Current Assets Net fixed assets Total Assets Notes payable Accounts payable Accruals Current Liabilities Long-term debt Total Liabilities Common stock @ (50.25 par) Additional paid in capital Retained earnings Total Liabilities & Equity Balance Sheet 2012 2013 2014 650,000 350,000 200,000 275,000 300,000 515,000 100,000 100,000 200,000 1,025,000 1,005,000 915,000 1,000,000 1,100,000 900,000 2,025,000 1,850,000 1,815,000 125,000 150,000 200,000 100,000 90,000 115,000 90,000 100,000 25,000 315,000 340,000 340,000 875,000 1,000,000 1,200,000 1,190,000 1,340,000 1,540,000 30,000 25,000 25,000 505,000 200,000 200,000 300,000 285,000 50,000 2,025,000 7,850,000 1,875,000