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The following information pertains to Shelfeld Corp. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were

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The following information pertains to Shelfeld Corp. 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 $51000 Accounts receivable (net) 45000 Inventory 45000 Property, plant and equipment 217000 Total Assets $358000 Liabilities and Stockholders' Equity Current liabilities $ 30000 Long-term liabilities 84000 Stockholders' equity-common 244000 Total Liabilities and Stockholders' Equity $358000 Income Statement Sales revenue $84000 47000 Cost of goods sold Gross pront 37000 17000 Operating expenses Net income $ 20000 13000 $22 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 1.9 $37000 Number of shares of common stock 13000 Market price of common stock $22 Dividends per share on common stock 1.9 Cash provided by operations $37000 What is the current ratio for this company? O 4.70 O 3.88 O 4.44 O 4.08

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