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The following information pertains to Unique Company. 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 Unique 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 $ 40,000 25,000 20,000 210,000 $295.000 Accounts receivable (net) Inventory Property, plant and equipment Total Assets Liabilities and Stockholders' Equity $ 60,000 85,000 150,000 $295.000 Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity Income Statement $ 85,000 45,000 40,000 20,000 $20.000 Sales revenue Cost of goods sold Gross profit Operating expenses Net income 6,000 $20 0.90 $30,000 Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations on common stock What is the current ratio for this company? A) 1.42 B) 0.80 C) 1.16 D) 0.60

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