Question: Using the following balance sheet and income statement data, what is the current ratio? Current assets $31000 Net income $41100 Current liabilities 14400 Stockholders' equity

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

Current assets

 $31000

Net income

 $41100

Current liabilities

 14400

Stockholders' equity

 78600

Average assets

 159500

Total liabilities

 42800

Total assets

 123000

Average common shares outstanding was 16300.

2.2 : 1

2.7 : 1

0.5 : 1

3.0 : 1

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