#36

Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.

Assets
Cash and short-term investments	$36,177
Accounts receivable (net)	34,591
Inventory	27,093
Property, plant and equipment	201,769
Total Assets	$299,630
Liabilities and Stockholders' Equity
Current liabilities	$59,826
Long-term liabilities	99,241
Stockholders' equitycommon	140,563
Total Liabilities and stockholders' equity	$299,630
Income Statement
Sales	$80,011
Cost of goods sold	36,005
Gross margin	$44,006
Operating expenses	23,142
Net income	$20,864
Number of shares of common stock	6,880
Market price of common stock	$26

What is the current ratio?

0.60

2.22

1.18

1.64