ABC company presents the following balance sheet. (dollars in thousands) 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. 1.17

b. 1.98

c. 1.58

d. 0.66