Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 32,000 Net income $ 42,000 Current liabilities 16,000 Stockholders' equity 78,000 Average assets 160,000 Total liabilities 42,000 Total assets 120,000 Average common shares outstanding was 15,000.

2 times

Explanation:

Current ratio is computed by dividing the total assets by the total liabilities

Current ratio = Current assets / Current liabilities

Current assets = $32,000

Current liabilities = $16,000

Current ratio = $32,000 / $16,000

Current ratio = 2 times

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!