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Question 37 The following information pertains to Swifty Company. 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 $ 50000 34000 Accounts receivable (net) Inventory Property, plant and equipment (net) 16000 212000 Total Assets $312000 $ 50000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity 97000 165000 $312000 Income Statement $ 116000 68000 Sales (net) Cost of goods sold Gross profit Operating expenses Net income 48000 25000 $ 23000 Net income $ 23000 Number of shares of common stock 7000 $18 Market price of common stock Dividends per share 0.40 What is the current ratio for Swifty? O 1.32 0.50 O 1.68 O 2.00