What us milavecs company current ratio?

(current assets/ current liabilities)

Year 3 800,000 Milavec Company Income Statement and Statement of Retained Earnings For the Years Ending Year 5 Year 4 Sales 1,600,000 $ 900,000 $ Cost of Goods Sold Beginning Inventory $ 70,000 $ 43,000 $ Purchases $ 1,078,000 $ 637,000 $ Goods available for sale $ 1,148,000 $ 680,000 $ Ending Inventory 60,000 $ 70,000 $ Cost of Goods Sold 1,088,000 $ 610,000 $ Gross Margin 512,000 $ 290,000 $ Operating Expenses $ 480,000 $ 248,000 $ Income before taxes $ 32,000 $ 42,000 $ Income taxes $ 12,800 $ 17,000 $ Net Income $ 19,200 $ 25,000 $ Plus: Beg bal Retained Earnings 162,000 $ 137,000 $ Less: Dividends S 6,000 $ S Ending Balance Retained Earnings S 175,200 $ 162,000 $ 40,000 483,000 523,000 43,000 480,000 320,000 280,000 40,000 18,000 22,000 130,000 15,000 137,000 Milavec Company Balance Sheet As of December 31 Year 5 Year 4 Year 3 $ $ $ Assets Cash Marketable Securities Notes Receivable Accounts Receivable Merchandise Inventory Prepaid Expenses Property Plant and Equipment (net) Total Assets 36,200 $ 20,000 $ $ 65,000 $ 60,000 $ $ 340,000 $ 521,200 $ 20,000 $ 20,000 $ 4,000 $ 50,000 $ 70,000 $ 4,000 $ 340,000 $ 508,000 $ 17,000 22,000 3,000 56,000 43,000 4,000 310,000 455,000 $ $ S Liabilities and Stockholder's Equity Accounts Payable Salaries Payable Taxes Payable Bonds Payable, 8% Preferred Stock, 6%, $100 par, cumulative $ Common Stock, $10 par S Retained Earnings $ Total Liabilities and Stockholders' Equity $ $ $ s 40,000 $ 2,000 $ 4,000 $ 100,000 $ 50,000 $ 150,000 $ 175,200 $ 521,200 $ 40,000 $ 2,000 $ 4,000 $ 100,000 $ 50,000 $ 150,000 $ 162,000 S 508,000 $ 38,000 3,000 2,000 100,000 50,000 125,000 137,000 455,000