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NE The following information pertains to Swifty Corporation. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales

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NE The following information pertains to Swifty Corporation. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets 61000 43000 47000 $364000 Liabilities and Stockholders' Equity Current liabilities $61000 71000 Long-term liabilities Total Liabilities and Stockholders' Equity $$364000 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income $82000 54000 28000 30000 s -2000 Number of shares of common stock 5000 524 Market price of common stock Dividends per share on common stock Cash provided by operations 540000 What is the current ratio for this company? [D

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