Kirsten Company presented the following data at the end of 2016:

Cash $900,000

Accounts receivable 1,600,000

Merchandise inventory 1,400,000

Prepaid insurance 150,000

Property & equipment 4,000,000

Accounts payable 350,000

Unearned revenue 400,000

Wages payable 800,000

Bonds payable 2,000,000

Determine the current ratio for Kirsten Company (rounded).

A) 4.41

B) 4.23

C) 2.61

D) 2.38