27) The current ratio is defined as current assets divided by current liabilities. On December 29, 2021 Ohio Company had current assets of $200 and current liabilities of $100. On December 30, Ohio paid salary payable int the amount of $50. Calculate the current ratio on December 31, 2021. 28) Which of the following best exemplifies a contingency that is reported in the notes to the financial statements? A. Losses from potential future lawsuits B. Loss from a lawsuit settled out of court prior to the end of the fiscal year C. Warranty claims on future sales D. Estimated loss from an ongoing lawsuit