ending balance figures. Assume that all sales were on credit. Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and stockholders' equity Sales Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations Assets Liabilities and Stockholders' Equity Income Statement What is the current ratio for this company? Round your answer to one decimal point. O a. 1.42 O b. 0.80 O c. 0.60 d. 1.16 $ 40,000 25,000 20,000 210,000 $295,000 60,000 85,000 150,000 $295,000 $ 85,000 45,000 40,000 20,000 $ 20,000 6,000000 $20 0.90 $30,000

What is the current ratio for this company? Round your answer to one decimal point. a. 1.42 b. 0.80 c. 0.60 d. 1,16