Chelsea Company presented the following data at the end of 2016: Cash $1,800,000 Accounts receivable 3,200,000 Merchandise inventory 2,800,000 Prepaid insurance 300,000 Property & equipment 8,000,000 Accounts payable 750,000 Unearned revenue 800,000 Wages payable 1,600,000 Bonds payable 4.000.000 Determine the current ratio for Chelsea Company frounded), A) 4.41 B) 4.23 C) 2.57 D) 2.38