Question: Calculate the current ratio based on the following information (keep two decimal places). My current annual take-home pay is $131000. There are $6000 in my

Calculate the current ratio based on the following information (keep two decimal places). My current annual take-home pay is $131000. There are $6000 in my checking account. I am also holding a life insurance policy that has a cash value of $5000. I have a pension plan sponsored by my employer with a current value of $30000. I purchased my own home three years ago for $345000 with a mortgage loan. Now, the balance of the mortgage is $272000 and the market value of my house is $325000. I also have $18000 just invested in a mutual fund. I bought a car two years ago for $28000 with an automobile loan. I still need to pay $15000 to finish the automobile loan and I can sell the car for $25000. My credit card now has a balance of $7000. I also have a college loan of $20000 to pay off.

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