Question: Based on the following balance sheet and income statement data below, what is the current ratio? Current Assets38500 Current Liabilities14800 Average Assets157700 Net Income43300 Stockholders

Based on the following balance sheet and income statement data below, what is the current ratio?

Current Assets38500

Current Liabilities14800

Average Assets157700

Net Income43300

Stockholders Equity79800

Total Liabilities41500

Total Assets130000

Average common shares outstanding was 15600.

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