A firm has the following figures in its annual report:

Income Statement: Balance Sheet Items: ---------------------------------- ---------------------------- Sales 1,220 Receivables 105 Cost of Goods Sold 845 Inventory 145 EBIT 335 Current Assets 375 Net Income 197 Total Assets 2,229 Current Liabilities 122 Long term Debt 777 Stockholders Equity 1,330

Compute the firms current ratio.

A.

0.17

B.

3.57

C.

1.90

D.

3.07