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The following information pertains to sampson company

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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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