14 Current assets total $120,000, plant and equipment assets $24,000, current liabilities $48,000, and long-term liabilities $12,000. What is the current ratio of the business? A) 1.0:1 B) 2.0:1 C) 2.5:1 D) 3.0:1 E) None of the above 15 Which year shows the best current ratio? Year Ratio A) 19992.15:1 B) 2000 C) 2001 D) 2002 E) 2003