Answer this question based on the data from the following balance sheet. Current ratio for the period ending 2004 is approximately: Account 12/31/2004 Assets Cash Accounts Receivable Material Inventory Under-billings Total Current Assets $50,000 $300,000 $180,000 $50,000 $580,000 Equipment (Gross) Less: Accumulated Depreciation Equipment (Net) $250,000 $100.000 $150,000 Total Assets S730,000 Equities Liabilities Account Payable Over-billings Total Current Liability $150,000 $150,000 $300,000 Note Payable (Long Term Debt) $10,000 3 Total Liabilities $310,000 Net Worth 4: Capital Stock Retained Earnings Total Net Worth $250,000 $170,000 $420,000 Total Equities $730,000 5: A) 1.93 : 1 OB) 0.93 : 1 C) 5.43 : 1