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Brock Company's financial Information is listed below. Assume that l balance sheet amounts represent both average and ending balance figures and that all sales were

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Brock Company's financial Information is listed below. Assume that l balance sheet amounts represent both average and ending balance figures and that all sales were on credit Assets Cash and short-term investments $40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 215,000 Total assets $310,000 Liabilities and Stockholders' Equity Current liabilities $60,000 Long term Babies 95,000 Common stock, $10 par 60,000 Retained earnings 95,000 Total liabilities and stockholders' equity $310,000 $90,000 45.000 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income $45,000 20,000 $25,000 Number of shares of common stock 6.000 Market price of common stock $20 What is the current ratio Round your answer to two decimal places $25,000 Net income 6,000 Number of shares of common stock Market price of common stock $20 What is the current ratio? Round your answer to two decimal places. a. 1.58 b. 1.17 c. 1.42 d. 0.67

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