Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.
-The current ratio at the end of Year 2 is closest to:
A)2.03
B)0.35
C)0.75
D)0.46

Question

Hartzog Corporation's most recent balance sheet and income statement appear below:   Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.
-The current ratio at the end of Year 2 is closest to:
A)2.03 
B)0.35 
C)0.75 
D)0.46

Quizplus · Accepted Answer

Current ratio = Current assets F1F1F1S1F1F1F10 Current liabilities = $610 F1F1F1S1F1F1F10 $300 = 2.03

Hartzog Corporation's Most Recent Balance Sheet and Income Statement Appear