Liabilities and Stockholders' Equity Current liabilities $67,513 Long-term liabilities 90,221 Common stock, $10 par 64,070 Retained earnings 96,656 Total liabilities and stockholders' equity $318,460 Income Statement Sales $99,202 Cost of goods sold 44,641 Gross margin $54,561 Operating expenses 28,479 Net income $26,082 Number of shares of common stock 6,407 $34 Market price of common stock What is the current ratio? Round your answer to two decimal places. Oa. 1.01 Ob. 1.52 Oc. 2.22 Od. 0.53

Liabilities and Stockholders' Equity Current liabilities $67,513 Long-term liabilities 90,221 Common stock, $10 par 64,070 Retained earnings 96,656 Total liabilities and stockholders' equity $318,460 Income Statement Sales $99,202 Cost of goods sold 44,641 Gross margin $54,561 Operating expenses 28,479 Net income $26,082 Number of shares of common stock 6,407 $34 Market price of common stock What is the current ratio? Round your answer to two decimal places. Oa. 1.01 Ob. 1.52 Oc. 2.22 Od. 0.53

Name: Brock Company's financial information is listed below. Assume that al
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Description: Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures andthat all sales were on credit.AssetsCash and short-term investments$35,766Accounts receivable (net)32,5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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