Consider the following financial data for Aldo's Home Accessories: S Statement of Financial Position as of December 31, 2012 Cash 86,000 Accounts payable $ 70,000 Receivables 161,500 Notes payable 173,000 Inventories 317,000 Accrued wages and taxes 49.500 Total current assets 564,500 Total short-term liab. 292,500 Long-term debt 192,000 Net fixed assets 350,000 Common equity 430,000 Total assets 914,500 Total liabilities & equity 914.500 Statement of Earnings for the Year Ended December 31, 2012 Sales $ 336,500 Cost of sales 222.000 Gross profit 114,500 Operating expenses 52,000 Earnings before interest and taxes (EBIT) $ 62,500 Interest expense 40,000 Earnings before taxes (EBT) $ 22,500 Federal and state income taxes (30 percent) 6.750 Net income 15.750 Calculate Aldo's current ratio. O a. 0.85 ob.1.17 c. 1.93 O d. 1.38 O e. 2.94