The following information pertains to tanzi company assume

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The following information pertains to Tanzi 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 $36,821 Accounts receivable (net) $30,867 Inventory $35,268 Property, plant and equipment $218,595 Total Assets $321,551 Liabilities and Stockholders' Equity Current liabilities $55,390 Long-term liabilities $86,039 Stockholders' equity-common $180,122 Total Liabilities and stockholders' equity $321,551 Income Statement Sales $87,622 Cost of goods sold $39,430 Gross margin $48,192 Operating expenses $20,942 Net income $27,250 Number of shares of common stock $5,426 Market price of common stock $28 What is the current ratio for this company?

Reference no: EM13607246

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