Partial information from Fabray Company's statement of financial position 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: Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Current Liabilities: Notes payable Accounts payable Accrued expenses Income tax payable Total current liabilities $ 1,200,000 3,750,000 28,800,000 33,150,000 600,000 $67,500,000 $ 750,000 9,750.000 6,250,000 250,000 $17,000,000