Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both...
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Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit Assets Cash and short-term investments $38,047 Accounts receivable (net) 34,722 Inventory 31.677 Property, plant, and equipment 251,867 Total assets $356,313 Llabilities and Stockholders' Equity Current liabilities $63,916 Long-term liabilities 97,145 Common stock, $10 par 64,590 Retained earnings 130,662 Total liabilities and stockholders' equity $356,313 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net Income $84.050 37,823 $46.227 29,593 $16,634 Number of shares of common stock 6,459 Market price of common stock $33 What is the current ratio? Round your answer to two decimal places. a. 0.60 b. 1.14 c. 1.63 d. 2.22
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