E9-48. (Learning Objectives 1, 5: Reporting current liabilities) The top management of Hat Marketing Services examines the following company accounting records at August 29, immedi- ately before the...

Why the answer is (324700-x)/(193400-x)=2.5

Extracted text: E9-48. (Learning Objectives 1, 5: Reporting current liabilities) The top management of Hat Marketing Services examines the following company accounting records at August 29, immedi- ately before the end of the year, August 31: Total current assets $ 324,700 324790 Non-current assets 1,067,500 $1,392,200 Total current liabilities $/193,400 129880 Non-current liabilities 253,400 Owners' equity 945,400 $1,392,200. Suppose Pratt's management wants to achieve a current ratio of 2.5. How much in current liabili- ties should Pratt pay off within the next two days in order to achieve its goal? 6220