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Big Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009: 2010 2009 Current Assets $450 $500 Long-Term Assets 810 620 Current

Big Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009:

2010

2009

Current Assets

$450

$500

Long-Term Assets

810

620

Current Liabilities

310

420

Long-Term Liabilities

500

610

Owners' Equity

500

300

Net Sales

900

810

Gross Margin

410

400

Net Income

180

135

The current ratio at the end of 2010 was:

A) 1.76

B) 1.56

C) 1.45

D) 1.03

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