The following information pertains to sampson company

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Reference no: EM13570287

The following information pertains to Sampson Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets
Cash and short-term investments		$ 45,000
Accounts receivable (net)		25,000
Inventory		20,000
Property, plant and equipment		210,000
	Total Assets	$300,000

Liabilities and Stockholders' Equity
Current liabilities		$ 50,000
Long-term liabilities		90,000
Stockholders' equity-common		160,000
	Total Liabilities and Stockholders' Equity	$300,000

Income Statement
Sales		$ 120,000
Cost of goods sold		66,000
Gross profit		54,000
Operating expenses		30,000
	Net income	$ 24,000

Number of shares of common stock		6,000
Market price of common stock		$20
Dividends per share		.50

What is the current ratio for Sampson?

Reference no: EM13570287

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