A partial balance sheet for Fairbanks Books is shown below. Idollars in thousands) $240 BO 320 110 430 Assets Liabilities: Cash $60 Accounts payable Accounts receivable (net) 170 other liabilities Investments 50 Total current liabilities Inventory 200 Long-term liabilities Prepaid rent 25 Total liabilities Total current assets 505 Stockholders' equity Property & Equipment, (net) 255 Common stock Retained earnings Total stockholders' equity Total assets $760 Total liabilities and equity What is the company's current ratio? (Round your answer to two decimal places) 150 180 330 $760 O 0.66 1.17 1.98 O 1.58 Star Company's current ratio for 2020 is 2.6. Nova Company's current ratio for 2020 is 2.0 What is the correct interpretation of these ratios? Star Company is better able to pay its current liabilities as they come due than Nova Company because Star Company's current ratio is higher than Nova Company's current ratio, Nova Company is better able to pay its current liabilities as they come due than Star Company because Nova Company's current ratio is lower than Star Company's current ratio