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Brock Company's financial information is as follows. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were

Brock Company's financial information is as follows. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.

Assets
Line Item Description Amount
Cash and short-term investments $39,105
Accounts receivable (net) 30,831
Inventory 26,122
Property, plant, and equipment 257,678
Total assets $353,736
Liabilities and Stockholders Equity
Line Item Description Amount
Current liabilities $66,664
Long-term liabilities 93,114
Common stock, $10 par 62,850
Retained earnings 131,108
Total liabilities and stockholders equity $353,736
Income Statement
Line Item Description Amount
Sales $95,011
Cost of goods sold (42,755)
Gross profit $52,256
Operating expenses (24,293)
Net income $27,963
Number of shares of common stock 6,285
Market price of common stock $28

What is the current ratio? Round your answer to two decimal places.

a.2.22

b.0.59

c.1.44

d.0.46

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