Consider the following information for the next three questions:

Assets		Liabilities and equity
Cash	$200 000	Accounts payable	$150 000
Inventory	$300 000	Other current liabilities	$300 000
Non-current assets	$600 000	Deferred tax liability	$50 000
		Non-current debt	$350 000
		Share capital	$200 000
		Retained earnings	$50 000
Total	$1 100 000	Total	$1 100 000

The firms current ratio is:

a.

1.11

b.

0.67

c.

1

d.

1.67

Clear my choice