A Company presented the following data at the end of 2016:

Cash	$900,000
Accounts receivable	1,600,000
Merchandise inventory	1,400,000
Prepaid insurance	150,000
Property & equipment	4,000,000
Accounts payable	350,000
Unearned revenue	400,000
Wages payable	800,000
Bonds payable	2,000,000

Determine the current ratio for A Company (rounded).

Select one:

a. 4.41

b. 2.38

c. 4.23

d. 2.61