Agnes Company reported the following data:

Quick assets	$53,000
Current assets	148,000
Total liabilities	298,000
Average net receivables	13,800
Beginning inventory	36,000
Long-term liabilities	198,000
Net credit sales	124,000
Cost of goods sold	82,000
Ending inventory	44,000

What was the current ratio?

Multiple Choice

• 0.68

• 1.48

• 0.75

• 0.50