Jarrod is a college student. All of Jarrod's disposable income is used to pay his college-related expenses. While he has no liabilities (Jarrod is on a scholarship), he does have a credit card that he typically uses for emergencies. He and his friend went on a shopping spree in New York City costing $1,800, which Jarrod charged to his credit card. Jarrod has $83 in his wallet, but his bank accounts are empty. What is Jarrod's liquidity ratio? What does this ratio indicate about Jarrod's financial position?

Jarrod's liquidity ratio is: (Select the best answer below.)

A. 4.61, which indicates for every dollar of current debt, he has $4.61 in liquid assets.

B. 20.00, which indicates for every dollar of current debt, he has $20.00 in liquid assets.

C. 0.05, which indicates for every dollar of current debt, he only has $0.05 in liquid assets.

D. 0.46, which indicates for every dollar of current debt, he has $0.46 in liquid assets.