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Ullowing information pertains to Sunland Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on

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Ullowing 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 Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $52000 37000 25000 211000 $325000 $ 30000 83000 212000 $325000 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Niet income $93000 43000 50000 19000 $ 31000 Number of shares of common stock 14000 14000 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations $29 0.9 $50000 What is the current ratio for this company? o 2.98 3.54 03.18 3.80

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