USING THE FOLLOWING DATA, ANSWER THE QUESTION TEW COMPANY Balance Sheet As of December 31, 2007 ASSETS Cash $20,000 Accounts Receivable 80,000 Inventory 50.000 Net Plant and Equipment 250.000 Total Assets $400,000 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable $10,000 Accrued Expenses 60,000 Long-Term debt 130,000 Common Stock 100,000 Paid In eapital 10,000 Retained earnings 60.000 Total Liabilities and Stockholders' Equity $400,000 TEW COMPANY Income Statement For the Year Ended December 31, 2007 Sales (all on credit) Cost of Goods Sold Gross Profit Sales and Administrative Expense Fixed Lease Expenses Depreciation Operating Profit Interest Expense Profit before Taxes Taxes (35%) Net Income $500,000 200.000 300.000 20.000 10,000 40.000 230,000 20.000 210.000 73.500 $136,500 The Tew Company Current Ratio is: Select one: O a. 1:1.5 O b. 1:1 OC. 1.5:1 Od 50:1