ANUL 2 11 con Question Completion Status A Moving to anothers with response Question 2 M Moving to another question with sponse Moving to another question will save this response. Question 24 The following information relates to Bonny Unlimited for the past two years. Prior year Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense Net income Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities Common stock, no par, 2,000 shares, market value $90 per share Retained earnings What is the current ratio for the current year? O 1.00 1.50 7.00 2.40 Current year $250,000 $115,000 $135,000 $ 32,000 $ 4,000 $ 24,000 S 16,000 $ 20,000 $ 52,000 $ 2,000 $ 90,000 $100,000 S 60,000 $ 22,000 S180,000 $110,000 $ 70,000 $ 30,000 $ 7,000 S 18,000 $ 14,000 $ 31,000 $ 44,000 $1,000 $ 90,000 $120,000 $ 90,000 $ 78,000 $ 40,000 S 40,000 $ 68,000 $ 2,000 Moving to another question will save this response