QUESTION 7 Calculate the current ratio based on the following information Average TotalAssets$650,000 CurrentLiabilities$118,000 NetIncome$422,500...

QUESTION 7

1. Calculate the current ratio based on the following information
2. Average Total Assets     $650,000
3. Current Liabilities           $118,000
4. Net Income                    $422,500
5. Working Capital               $41,300
6. 1.35
7. 0.65
8. 0.28
9. 0.35