2014	2015	2016
	Sales	1,400,000	1,500,000	1,720,000
	Cost of goods sold	1,316,000	1,450,000	1,680,000
		84,000	50,000	40,000
	Inventory	140,000	180,000	210,000
	Accounts receivable	100,000	140,000	200,000
	Cash	10,000	0	0
	Current assets	250,000	320,000	410,000
	Accounts payable	79,850	85,000	90,000
	Short term debt	0	34,850	79,850
	Provisions- returns/refunds	1,400	1,500	1,720
	Current liabilities	81,250	121,350	171,570
1	Gross profit margin		3.3%	2.3%
2	Current ratio		2.6	2.4
3	Accounts receivable turnover		10.7	8.6
4	Inventory turnover		8.1	8.0

What is the current ratio for 2014?

Select one:

a.

3.2

b.

3.3

c.

3.1

d.

3.4