At the beginning of the year, Butters Company's balance sheet showed current assets of $35,000 and current liabilities of $23,000. During the current year, Butters issued common stock for $4900 for cash and purchased $2800 of inventory on account.

After these transaction were recorded, Butter’s current ratio was:

A) 1.51

B) 1.55

C) 1.66

D) 1.52