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 |
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| Current Liabilities |
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| 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 |
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| Long-Term Assets |
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| Long-Term Liabilities |
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| 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 |
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| 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 |
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| Total Assets | 485.00 | 500.00 | Total liabilities and Stockholders' Equity | 485.00 | 500.00 |
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