Question: Using the following balance sheet and income statement data, what is the current ratio? Current assets $22800 Net income $46100 Current liabilities 10600 Stockholders' equity

Using the following balance sheet and income statement data, what is the current ratio?

Current assets

 $22800

Net income

 $46100

Current liabilities

 10600

Stockholders' equity

 65200

Average assets

 133200

Total liabilities

 25400

Total assets

 89400

Average common shares outstanding was 19000.

2.15 : 1

3.52 : 1

0.90 : 1

0.61 : 1

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