Question 8 of 12 < Current Attempt in Progress The following information pertains to Sunland Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. @ 2 Assett Cash and short-term investments $41000 Accounts receivable (net) 24000 Inventory 21000 Property, plant and equipment 206000 Total Assets $292000 Liabilities and Stockholders' Equity Current liabilities $40000 Long-term abilities 106000 Stockholders' equity common 146000 Total Liabilities and Stockholders $292000 Equity Income Statement Sales revenue $85700 Cast of goods sold 45800 39900 Gross prof Operating expenses 19700 ne tv 80 F #3 66 02 S4 4 % 5 , MacBook Air A 96 85 0 7 87 & T Y W 88 8 9 61 U Question 8 of 12 Income Statement Sales revenue $85700 Cost of goods sold 45800 Gross profit 39900 Operating expenses 19700 $20200 Net income Number of shares of common stock 5100 Market price of common stock $18 Dividends per share on common stock 50.90 Cash provided by operations $30400 What is the current ratio for this company? 0153 01.33 02.15 189 80 FZ 2 2 #3 3 13 $ S4 % 4 85 sk Air 66 M Actempts: 0 of 1 8 = 7 87 8 Y U