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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 short-term investments$ 40,000Accounts receivable (net)30,000Inventory25,000Property, plant, and equipment 215,000Total assets$310,000 Liabilities and Stockholders Equity Current liabilities$ 60,000Long-term liabilities95,000Common stock, $10 par60,000Retained earnings 95,000Total liabilities and stockholders equity$310,000 Income Statement Sales$90,000 Cost of goods sold (45,000)Gross profit$45,000 Operating expenses (20,000)Net income$25,000 Number of shares of common stock6,000Market price of common stock$20What is the current ratio?

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