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Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were
Brock Company's financial information is listed below. 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 $35,808 Accounts receivable (net) 32,259 Inventory 32,745 Property, plant, and equipment 236,658 Total assets $337,470 Liabilities and Stockholders' Equity Current liabilities $69,418 Long-term liabilities 93,477 Common stock, $10 par 61,530 Retained earnings 113,045 Total liabilities and stockholders' equity $337,470 Income Statement Sales $84,890 Cost of goods sold 38,201 Gross margin $46,689 Operating expenses 20,381 Net income $26,308 Number of shares of common stock 6,153 Market price of common stock $31 What is the current ratio? Round your answer to two decimal places. Accounts receivable (net) Inventory 32,259 32,745 Property, plant, and equipment 236,658 Total assets $337,470 Liabilities and Stockholders' Equity Current liabilities. $69,418 Long-term liabilities 93,477 Common stock, $10 par 61,530 Retained earnings 113,045 Total liabilities and stockholders' equity $337,470 Sales Cost of goods sold Gross margin Operating expenses Net income Income Statement $84,890 38,201 $46,689 20,381 $26,308 Number of shares of common stock 6,153 Market price of common stock $31 What is the current ratio? Round your answer to two decimal places. Ca. 1.45 b. 0.52 Oc. 2.22 Od. 0.98
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