Question: Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 38500 Net income $ 43300 Current liabilities 14800

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

Current assets
$38500
Net income
$43300
Current liabilities
14800
Stockholders' equity
79800
Average assets
157700
Total liabilities
41500
Total assets
130000


Average common shares outstanding was 15600.





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