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The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Liabilities and Stockholders' Equity Total Liabilities and Stockholders' $295,000 Equity Income Statement Sales revenue $85,000 Cost of goods sold Gross profit 40,000 Operating expenses 20.000 Net income $20,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share on common 0.90 stock Cash provided by operations $30,000 What is the current ratio for this company? .60 .80 1.42 1.16