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The following information pertains to Lock Company Assume that all balance sheet mounts represent both average and ending balance figures. Assume that all sales were

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The following information pertains to Lock Company Assume that all balance sheet mounts represent both average and ending balance figures. Assume that all sales were on credit. Assets $45,000 Cash and short-term investments 30.000 Accounts receivable (net) 20.000 Inventory 210.000 Property, plant and equipment 5305009 Total Assets Liabilities and Stockholders. Equity $50,000 Current liabilities 95.000 Long-term liabilities 160000 Stockholders' equity-common $305.000 Total Liabilities and Stockholders' Equity Locome Statement $120.000 Sales 66000 Cost of goods sold 54.000 Gross proht 30.000 Operating expenses $24.000 Net income Number of shares of common stock Market price of common stock Dividends per share What is the current ratio for Lock? 1.50 130

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