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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
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 $42,179 Accounts receivable (net) 26,325 Inventory 29,660 Property, plant, and equipment 239,166. Total assets $337,330 Liabilities and Stockholders' Equity Current liabilities $66,508 Long-term liabilities 97,192 Common stock, $10 par 58,760 Retained earnings 114,870 Total liabilities and stockholders' equity $337,330 Income Statement Sales $81,362 Cost of goods sold 36,613 Gross margin $44,749 Operating expenses 29,887 Net income $14,862 Income Statement Sales $81,362 Cost of goods sold 36,613 Gross margin $44,749 Operating expenses 29,887 Net income $14,862 Number of shares of common stock 5,876 Market price of common stock $28 What is the current ratio? Round your answer to two decimal places. a. 1.48 b. 0.63 Oc. 2.22 Od. 1.03
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