Partial information from Fabray Company's balance sheet is as follows:

What is Fabray's current ratio?
a. 0.25
b. 3.0
c. 1.8
d. 3.97

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Current Assets: Current Liabilities: $ 750,000 9,750,000 6,250,000 250,000 17,000,000 串 1,200,000 Notes payable Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets 28,800,000 ued 3,750,000 Acunts payable axpenses 33,150,000 ncome taxes p 600,000 $67,500,000 Total current liabilities