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The Grapefruit Motel's financial statements (in thousands of dollars) for the years ending December 31,201 and 202 are provided below. rapefruit has sales of $255

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The Grapefruit Motel's financial statements (in thousands of dollars) for the years ending December 31,201 and 202 are provided below. rapefruit has sales of $255 (all on credit) for 202 with a gross margin on sales of 115. Net income was $14 for 202. The market price of the company's stock on ecember 31,202 is $22 per share. That is the company's current ratio for 202 ? 1.68. COMPARATIVE BALANCE SHEETS FOR YEARS ENDING DECEMBER 31,201 AND 20X

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