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Using the following balance sheet and income statement data, what is the current ratio? Current assets $19000 Net income $42500 Current liabilities 9000 Stockholders'
Using the following balance sheet and income statement data, what is the current ratio? Current assets $19000 Net income $42500 Current liabilities 9000 Stockholders' equity 62000 Average assets 130000 Total liabilities 23000 Total assets 85000 Average common shares outstanding was 14000. 3.70:1 2.11:1 0.62:1 0.83:1
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Financial Accounting
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
10th edition
324645570, 978-0324645576
