Question: table [ [ table [ [ LOGIC COMPANY ] , [ Comparative Income Statement ] ] ] , [ Gross sales,$ 2 0
tabletableLOGIC COMPANYComparative Income StatementGross sales,$ $ Sales returns and allowances,Net sales,$ $ Cost of merchandise goods sold,Gross profit,$ $ Operating expenses:,,Depreciation$ $ Selling and administrative,ResearchMiscellaneousTotal operating expenses,$ $ Income before interest and taxes,$ $ Interest expense,Income before taxes,$ $ Provision for taxes,Net income,$ $
tabletableLOGIC COMPANYComparative Balance SheetDecember and AssetsCurrent assets:Cash$ $ Accounts receivable,Merchandise inventory,Prepaid expenses,Total current assets,$ $ Plant and equipment:Building net$ $ LandTotal plant and equipment,$ $ Total assets,$ $ LiabilitiesCurrent liabilities:Accounts payable,$ $ Salaries payable,Total current liabilities,$ $ Longterm liabilities:Mortgage note payable,Total liabilities,$ $ Stockholders EquityCommon stock,$ $ Retained earnings,Total stockholders' equity,$ $ Total liabilities and stockholders' equity,$ $
Calculate the current ratio.
Note: Do NOT enter your answer as a percentage ie do not move the decimal two places to the right Enter it as a proportion rounded to the nearest hundredth.
tableCurrent ratio,,
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