ABC company presents the following balance sheet.

(dollarsinthousands)

Assets:

Liabilities:

Cash

$60

Accounts payable

$240

Accounts receivable (net)

170

Other liabilities

80

Investments

50

Total current liabilities

320

Inventory

200

Long-term liabilities

110

Prepaid rent

25

Total liabilities

430

Total current assets

505

Stockholders' equity:

Property & Equipment, (net)

255

Common stock

150

Retained earnings

180

Total stockholders' equity

330

Total assets

$760

Total liabilities and equity

$760

The current ratio is (rounded to two decimal places):

Select one:

a.1.98

b.1.58

c.1.17

d.0.66