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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. Assets Cash and shortterm investments$ Accounts receivable netInventoryProperty, plant, and equipment Total assets$ Liabilities and Stockholders Equity Current liabilities$ Longterm liabilitiesCommon stock, $ parRetained earnings Total liabilities and stockholders equity$ Income Statement Sales$ Cost of goods sold Gross profit$ Operating expenses Net income$ Number of shares of common stockMarket price of common stock$What is the current ratio?
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