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please help me solve this. can you please explain your answer (38) > Brock Company's financial information is listed below. Assume that all balance sheet

image text in transcribedplease help me solve this. can you please explain your answer (38)
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> Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $43,756 Accounts receivable (net) 33,955 Inventory 29,153 Property, plant, and equipment 228,416 Total assets $335,280 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, $10 par Retained earnings Total liabilities and stockholders' equity $69,309 88,738 69,110 108,123. $335,280 228,416 $335,280 Liabilities and Stockholders' Equity Property, plant, and equipment Total assets Current liabilities Long-term liabilities Common stock, $10 par Retained earnings Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock 6,911 Market price of common stock $28 What is the current ratio? Pound your answer to two decimal places $92,445 41,600 $50,845 28,291 $22,554 $69,309 88,738 69,110 108,123 $335,280 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock 6,911 Market price of common stock $28 What is the current ratio? Round your answer to two decimal places. $92,445 41,600 $50,845 28,291 $22,554 69,110 108,123 $335,280

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