Question
Using the following balance sheet and income statement data, what is the current ratio? Current assets $20400 Net income $42900 Current liabilities 9800 Stockholders' equity
Using the following balance sheet and income statement data, what is the current ratio?
| Current assets | $20400 | Net income | $42900 | |
|---|---|---|---|---|
| Current liabilities | 9800 | Stockholders' equity | 66800 | |
| Average assets | 138000 | Total liabilities | 29000 | |
| Total assets | 90600 |
Average common shares outstanding was 17000.
0.70 : 1
3.12 : 1
0.63 : 1
2.08 : 1
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Managerial Accounting
Authors: Crosson
9th Edition
B00650WABQ
