Information for Ramirez Corp. is given below. At December 31, 2015, the current ratio was Ramie Corp. Balence Sheet pecember 3. 2015 Eautiea Cash $200,000 Accounts payable 1300.000Income texes payable $420,000 Accounts receivable tnet Income Inventorles Plant and equipment 126,000 2.626.000 Misceleneous accrued payebles 1s0.000 Bonds payable (10%, due 2017) 1,250.000 preferred stock (S 100 par, 6% ,cumuiaty nonparticipating) S net of depreciation 322.000 174,000 Patents 500,000 Other intangible assets Total Arsets 50 000Common stack (no pa shares authorized, issued and outstanding) 750,000 1.626.000 Retained ebrning Tmasury stock 10oo sharet 150 000) E4.672 000 of preferred Total Equties Ra Corp Income skatement Year Ended Deicrmper 34. 2015 $6.000,000 Net sales Cost of goods sold Gross profit perating penssK(inciuding bond Income before income takes Inicome tax Net income LICeD nventory eccounts are unchanged f eonds Payable Preferred Stoc or.commor Stoockun 294SChet prefernd dividends for the current earha tet Minimized Vievw