Business, 12.03.2021 15:30 laytonlutz

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 $41,920 Accounts receivable (net) 32,299 Inventory 28,626 Property, plant and equipment 288,151 Total Assets $390,996 Liabilities and Stockholders' Equity Current liabilities $67,585 Long-term liabilities 91,409 Stockholders' equity-common 232,002 Total Liabilities and stockholders' equity $390,996 Income Statement Sales $92,301 Cost of goods sold 41,535 Gross margin $50,766 Operating expenses 24,520 Net income $26,246 Number of shares of common stock 6,632 Market price of common stock $31 What is the current ratio for this company

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