Agnes Company reported the following data:

Quick assets	$ 47,000
Current assets	142,000
Total liabilities	292,000
Average net receivables	14,400
Beginning inventory	30,000
Long-term liabilities	192,000
Net credit sales	118,000
Cost of goods sold	76,000
Ending inventory	38,000

What was the current ratio?

a) .49

b) .70

c) .74

d) 1.42