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Brock Company's financial information is as follows. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were
Brock Company's financial information is as follows. Assume that all balance sheet amounts represent both average and ending balance figures
and that all sales were on credit.
Income Statement
Line Item Description Amount
Sales $
Cost of goods sold
Gross profit $
Operating expenses
Net income $
Number of shares of common stock
Market price of common stock $
What is the current ratio? Round your answer to two decimal places.
a
b
c
d
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