2:270 491 ..l 60:4Gillbartleby.com/questions10= bartleby®Q&A I 8DIAN OCAMPO GARCIABusiness / Accounti... / Q&A Libr... / The followThe following information pertainsQuestionNet income$24,394Number of shares of common stock6,158Market price of common stock$26What is the current ratio for this company? Round your answer to two decimal places.Select the correct answer.O1.28O0.66O1.89O2.22The following information pertains to Tanzi Company. Assume that all balance sheet amounts represent both average andending balance figures. Assume that all sales were on credit.AssetsCash and short-term investments$36,686Accounts receivable (net)34,968Inventory34,292Property, plant and equipment243,374Total Assets$349,320Liabilities and Stockholders' EquityCurrent liabilities$55,994Long-term liabilities86,791) Stockholders' equity-common206,535Total Liabilities and stockholders' equity$349,320Income StatementSales$91,424Cost of goods sold41,141Gross margin$50,283Operating expenses25,889Net income$24,394

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Description: 2:270 491 ..l 60:4Gillbartleby.com/questions10= bartleby®Q&A I 8DIAN OCAMPO GARCIABusiness / Accounti... / Q&A Libr... / The followThe following information pertainsQuestionNet income$24,394Number of shares of common stock6,158Market price of common

Answered: What is the current ratio for this…

Business

Accounting

What is the current ratio for this company? Round your answer to two decimal places.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.24E

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