Question: Using the following balance sheet and income statement data for Castillo Company, what is the companys current ratio? Current assets $ 41,000 Net income $

Using the following balance sheet and income statement data for Castillo Company, what is the companys current ratio?

Current assets $ 41,000 Net income $ 48,000

Current liabilities 22,000 Stockholders equity 75,000

Average assets 210,000 Total liabilities 125,000

Total assets 200,000

Select one: a. 54% b. 2 times c. 186% d. 1:86: 1

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