Company X has net sales revenue of $780,000, cost of goods sold of $343,200 and all other expenses of $327,600 for the current year. At the beginning of the year, 503,000 shares of common stock were outstanding, and, at the end of the year, 537,000 shares of common stock were outstanding. The basic EPS for the company is:

$1.50.

$0.84.

$0.21.

$0.87

A current ratio of 2.5 means that for every dollar of:

	accounts payable, there is $2.50 of cash.
	current liabilities, there is $2.50 of current assets.
	current assets, there is $2.50 of current liabilities.
	total liabilities, there is $2.50 of cash.