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Using the following balance sheet and income statement data, what is the current ratio? Current assets $33500 Net income $42200 Current liabilities 14000 Stockholders' equity

Using the following balance sheet and income statement data, what is the current ratio?

Current assets $33500

Net income $42200

Current liabilities 14000

Stockholders' equity 80000

Average assets 158500

Total liabilities 42700

Total assets 113000

Average common shares outstanding was 14300.

A) 2.7 : 1

B) 0.4 : 1

C) 2.6 : 1

D) 2.4 : 1

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