1)IntroUse the following information to answer the questions:AssetsLiabilities and EquityCash12,000Accounts payable12,000Marketable securities0Notes payable8,000Accounts receivable19,000Current liabilities20,000Inventory39,000Long-term debt95,000Current assets70,000Total liabilities115,000Machines56,000Paid-in capital20,000Real estate34,000Retained earnings25,000Fixed assets90,000Equity45,000Total assets160,000Total liab. & equity160,00QUESTIONS- What is the current ratio?Intro2)Use the following information to answer the questions:AssetsLiabilities and EquityCash14,000Accounts payable19,000Marketable securities2,000Notes payable6,000Accounts receivable7,000Current liabilities25,000Inventory35,000Long-term debt95,000Current assets58,000Total liabilities120,000Machines34,000Paid-in capital20,000Real estate80,000Retained earnings32,000Net fixed assets114,000Equity52,000Total assets172,000Total liab. […]