Question: Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 33000 Net income $ 41500 Current liabilities 14200

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

Current assets
$33000
Net income
$41500
Current liabilities
14200
Stockholders' equity
76800
Average assets
159900
Total liabilities
41100
Total assets
118000


Average common shares outstanding was 15700.

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