Question: Please calculate the current ratio for year 2015. Deep Falls Timber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT $642,100 409,800 138,400

Please calculate the current ratio for year 2015. Deep Falls Timber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT $642,100 409,800 138,400 $ 93,900 15 600 $ 78,300 27 500 $ 50.800 Interest Taxable income Taxes Net income Dividends $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 Cash 2015 2014 $ 32,300 $ 46,900 50,700 58,300 70,500 75,800 2015 2014 $ 58,900 $ 61,200 20,000 30,000 134,700 164,500 Accounts receivable Inventory Accounts payable Notes payable Long-term debt Common stock and paid in surplus ($1 par value) Retained earnings Total liabilities & owners' equity Net foxed assets 504,500 461,000 220,000 224,400 200,000 188,300 Total assets $650.000 $642000 $668.000 $642.000 What is the current ratio for 2015? O 1.98 2.06 0.95 O 1.95 98
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