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Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 33000 Net income $ 41500 Current liabilities 14200
Using the following balance sheet and income statement data, what is the current ratio?
| Current assets | $33000 | Net income | $41500 | |
|---|---|---|---|---|
| Current liabilities | 14200 | Stockholders' equity | 76800 | |
| Average assets | 159900 | Total liabilities | 41100 | |
| Total assets | 118000 |
Average common shares outstanding was 15700.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
