The following information pertains to Brock Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Assets
Liabilities and Stockholders' Equity
Income Statement
$\begin{array}{ll}
6,000 & \text { Number of shares of common stock } \
\$ 20 & \text { Market price of common stock }
\end{array}$ What is the current ratio for this company?
A) 1.42
B) 0.78
C) 1.58
D) 0.67

Question

The following information pertains to Brock Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Assets
 Liabilities and Stockholders' Equity
 Income Statement
 $\begin{array}{ll}
6,000 & \text { Number of shares of common stock } \
\$ 20 & \text { Market price of common stock }
\end{array}$ What is the current ratio for this company?
A) 1.42 
B) 0.78 
C) 1.58 
D) 0.67

Quizplus · Accepted Answer

The Answer of The following information pertains to Brock Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Assets
 Liabilities and Stockholders' Equity
 Income Statement
 $\begin{array}{ll}
6,000 & \text { Number of shares of common stock } \
\$ 20 & \text { Market price of common stock }
\end{array}$ What is the current ratio for this company?
A) 1.42 
B) 0.78 
C) 1.58 
D) 0.67