Question 14--/1 View Policies Current Attempt in Progress The following information pertains to Concord 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 $ 39000 Accounts receivable (net) 24000 Inventory 21000 Property, plant and equipment 208000 Total Assets $292000 Liabilities and Stockholders Equity Current liabilities $ 60000 Long-term liabilities 81000 Stockholders equity-common 151000 Total Liabilities and Stockholders Equity $292000 Income Statement Sales revenue $ 84000 Cost of goods sold 44100 Gross profit 39900 Operating expenses 20700 Net income $ 19200 Number of shares of common stock 5100 Market price of common stock $22 Dividends per share on common stock 0.90 Cash provided by operations $30800 What is the current ratio for this company? 1.40 0.78 1.14 0.58