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Hardister Corp. Hardister Corp. has the following information available from its financial statements for 2012: Balance sheet information: Income statement information: Assets Current assets $

Hardister Corp. Hardister Corp. has the following information available from its financial statements for 2012:

Balance sheet information: Income statement information:
Assets
Current assets

$ 400,000

Sales (all on account)

$3,000,000

Long-term assets

600,000

Cost of goods sold

1,500,000

Total assets

$1,000,000

Salary expense

200,000

Miscellaneous expenses

400,000

Liabilities Interest expense

100,000

Current liabilities

$ 200,000

Income before taxes

$ 800,000

Long-term liabilities

100,000

Income tax expense

300,000

Total liabilities

$ 300,000

Net income

$ 500,000

Stockholders' Equity
Capital stock

$ 300,000

Retained earnings

400,000

Total Stockholders' Equity

$ 700,000

Refer to the Hardister Corp. information above. Hardister's current ratio is: (round to two decimal places)

Select one:

a. 3.33.

b. .67.

c. .50.

d. 2.00.

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