2. Net working capital, working capital balances, and the current ratio Aa Aa Western Gas & Electric Company's Chief Financial Officer (CFO) has decided to take a closer look at the firm's short-term assets and liabilities. WGEC's balance sheet follows: Western Gas & Electric Company (WGEC) Balance Sheet $1,440,000 900,000 1,260,000 $3,600,000 14,400,000 $18,000,000 3,600,000 8,400,000 $12,000,000 $30,000,000 Cash Accounts receivable Inventory Total current assets $600,000 2,100,000 3,300,000 $6,000,000 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total debt Common equity Retained earnings Net plant and equipment 24,000,000 Total equity Total liabilities and equity Total assets $30,000,000 What is the value of WGEC's net working capital? What is WGEC's current ratio? 0.12 times O 8.33 times O 1.67 times O 0.33 times $2,400,000 o $6,000,000 o $3,600,000 O $30,000,000 Assume that Western Gas & Electric Company decides to acquire an additional $1,500,000 in inventories and pay using its accounts payable. Given the condition of the company noted in the balance sheet, this activity should be expected to cause WGEC's current ratio to