Current Attempt in Progress Sheffield & Associates Inc. reports the following account balances for the year ending June 30, 2022: $20,000 35,500 Accounts payable Accounts receivable Cash and cash equivalents Goodwill 16,700 124,000 Inventory 90,000 Notes payable (due 2027) 107.000 Interest payable 3,900 Notes payable (due 2023) 16,000 Property, plant, and equipment 570,000 Accumulated depreciation 110,000 Prepaid insurance 7,425 Salaries and wages payable 12,600 Bonds payable 310,000 Compute the company's (a) current ratio and (b) debt to assets ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1 and debt to asse (a) Current ratio :1 (b) Debt to assets ratio %6