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I need a detailed explanation of how you got the answer NOT just the answer please. Please see attached image for question. Thank you. Cuny,

I need a detailed explanation of how you got the answer NOT just the answer please. Please see attached image for question. Thank you.

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Cuny, Inc. reported the following common size date for the year ended December 31, 2022: For 2021, Cuny, Inc. reported sales of $183,100,000 and for 2022, sales of $215,600,000. At the end of 2021, Cuny, Inc.'s total assets were \$75,900,000 and common equity was $37,800,000. At the end of 2022, total assets were $95,300,000. Use this information to answer question 3 and 4. 3. Calculate Cuny, Inc.'s current ratio (as of December 31, 2022). A. 2.4 B. 4.6 C. 5.0 D. Can't tell. More information is needed. E. None of above

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