Question: Help Table 2 shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's current ratio

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Table 2 shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's current ratio for 2021? Note: Express your answers in strictly numerical terms, and IN million of USDs."

Table 2

Balance Sheet (in million of USDs)

Assets

2021

2020

Liabilities and Stockholders' Equity

2021

2020

Current Assets

Current Liabilities

Cash

100.00

92.00

Accounts payable

120.00

90.00

Accounts receivable

95.00

75.00

Notes payable / short-term debt

12.00

70.00

Inventories

45.00

50.00

Current maturities of long-term debt

50.00

60.00

Other current assets

12.00

15.00

Other current liabilities

10.00

20.00

Total current assets

252.00

232.00

Total current liabilities

192.00

240.00

Long-Term Assets

Long-Term Liabilities

Land

42.00

78.00

Long-term debt

100.00

90.00

Buildings

92.00

100.00

Capital lease obligations

3.00

2.00

Equipment

96.00

100.00

Less accumulated depreciation

-47.00

-50.00

Deferred taxes

43.00

38.00

Net property, plant, and equipment

183.00

228.00

Other long-term liabilities

5.00

5.00

Goodwill

12.00

10.00

Total long-term liabilities

151.00

135.00

Other long-term assets

38.00

40.00

Total liabilities

343.00

375.00

Total long-term assets

233.00

268.00

Stockholders' Equity

142.00

125.00

Total Assets

485.00

500.00

Total liabilities and Stockholders' Equity

485.00

500.00

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