Question: Using the following balance sheet and income statement data, what is the current ratio? Current assets Current liabilities Average assets Total assets $23400 13800 131200

Using the following balance sheet and income statement data, what is the current ratio? Current assets Current liabilities Average assets Total assets $23400 13800 131200 92200 Net income Stockholders' equity Total liabilities $47300 62400 26200 Average common shares outstanding was 16000. 0.53 : 1 1.70 : 1 0.89 : 1 C 3.52 : 1

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