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What is the current ratio

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Reference no: EM132628060

Question - Using the following balance sheet and income statement data, what is the current ratio?

Current assets $28000

Net income $43200

Current liabilities 14400

Stockholders' equity 77000

Average assets 157700

Total liabilities 42800

Total assets 134000

Average common shares outstanding was 14000

Reference no: EM132628060

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