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Green Thumb Garden Supplies reported the following information for 2017 and 2018. 20182017 Assets Cash...........................................................$50,000$45,000 Accounts receivable...................................35,00025,000 Inventory.....................................................25,00020,000 Property, plant, and equipment..................240,000210,000 Total assets................................................$350,000$300,000 Liabilities

Green Thumb Garden Supplies reported the following information for 2017 and 2018.

20182017

Assets

Cash...........................................................$50,000$45,000

Accounts receivable...................................35,00025,000

Inventory.....................................................25,00020,000

Property, plant, and equipment..................240,000210,000

Total assets................................................$350,000$300,000

Liabilities and Shareholders' Equity

Current liabilities.........................................$65,000$60,000

Non-current liabilities.................................110,00090,000

Shareholders' equitycommon.................175,000150,000

Total liabilities and shareholders' equity....$350,000$300,000

Income statement for 2018

Sales..........................................................$95,000

Cost of goods sold.....................................45,000

Gross profit.................................................50,000

Operating expenses...................................15,000

Income before income tax.........................35,000

Income tax expense...................................5,000

Net income.................................................$30,000

Share data for 2018

Weighted average number of common shares6,000

Market price per common share................$40

Dividends per share...................................$0.90

What is the current ratio for 2018?

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