Assume a company provided the following balance sheet: Current assets: Current liabilities: Cash $ 83,000 Accounts payable $ 90,000 Accounts receivable 50,000 Accrued liabilities 40,000 Inventory 150,000 Total current liabilities 130,000 Total current assets 283,000 Bonds payable 110,000 Property, plant & equipment, net 380,000 Total liabilities 240,000 Stockholders equity: Common stock 170,000 Retained earnings 253,000 Total stockholders equity 423,000 Total assets $ 663,000 Total liabilities and stockholders equity $ 663,000 The current ratio is closest to:

Multiple Choice

1.18

1.02

2.18

1.93