Problem:
Healthy Foods has total assets of $129,800, net fixed assets of $71,500, long-term debt of $52,000, and total debt of $78,700.
Required:
Question: If inventory is $31,800, what is the current ratio?
a.) 2.18
b.) 1.18
c.) 0.46
d.) 0.84
e.) 0.33
Note: Please show basic calculation