19

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. O 0.4:1 2.3:1 0 2.7:1 28:1