Question: Question 22 Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 7,000 Net income $ 15,000 Current

Question 22 Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 7,000 Net income $ 15,000 Current liabilities 4,000 Stockholders' equity 27,000 Average assets 44,000 Total liabilities 9,000 Total assets 30,000 Average common shares outstanding was 10,000. O A. 3.33:1 OB. 0.57:1 OC. 0.78:1 O D. 1.75:1

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