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