The following information pertains to Tanzi Company. Assume that all balance sheet amounts represent

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 $44,194 Accounts receivable (net) 32,744 Inventory 36,287 Property, plant and equipment 231.917 Total Assets $345,142 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and stockholders' equity $56,907 99,615 188.620 $345.142 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income $88,527 39.832 $48,690 20.691 $22.999 $27 6,415 Number of shares of common stock Market price of common stock What is the current ratio for this company? Round your answer to two decimal places Previous Next > 1:33 PM E $345,142 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and stockholders' equity $56,907 99,615 188,620 $345.142 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income $88,527 39,837 $48,690 20,691 $27.999 Number of shares of common stock 6,415 Market price of common stock What is the current ratio for this company? Round your answer to two decimal places. $27 A Select the correct answer. 1.35 0.78 2.22 1.99

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