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urgent urgent help please Use the financial statements below to calculate the current ratio. ...

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Accounting

urgent urgent help please Use the financial statements below to calculate the current ratio.
Income Statement (000's)
Balance Sheet (000's)
Revenues
40,789
Cash
9,121
Cost of sales
(18,429)
Accounts receivable
6,904
Gross profit
22,360
Inventory
9,601
Depreciation and amortization
(1,495)
Prepaid expenses
5,513
Marketing
(9,598)
Total current assets
31,139
Sales
(352)
Property, plant and equipment
14,150
General and administration
(1,062)
Goodwill
3,460
Operating profit
9,853
Total assets
48,749
Interest
(571)
Taxes
(1,500)
Accounts payable
4,800
Net income
7,782
Short-term loan
3,853
Total current liabilities
8,653
Long-term loan
15,000
Share capital
17,314
Retained earnings
7,782
Total shareholders' equity
25,096
Total liabilities and shareholders' equity
48,749
answer options
4.6
3.8
3.4
3.6

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