A corporation reports the following year-end balance sheet data. The company's current ratio equals:

Cash	$	60,000		Current liabilities	$	95,000
Accounts receivable		75,000		Long-term liabilities		20,000
Inventory		80,000		Common stock		120,000
Equipment		165,000		Retained earnings		145,000
Total assets	$	380,000		Total liabilities and equity	$	380,000

Multiple Choice

• 0.30

• 2.26

• 1.42

• 0.70

• 0.43