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Kirsten Company presented the following data at the end of 2019: Cash $1,800,000 Accounts receivable 3,200,000 Merchandise inventory 2,800,000 Prepaid insurance 300,000 Property & equipment

Kirsten Company presented the following data at the end of 2019:

Cash

$1,800,000

Accounts receivable

3,200,000

Merchandise inventory

2,800,000

Prepaid insurance

300,000

Property & equipment

8,000,000

Accounts payable

750,000

Unearned revenue

800,000

Wages payable

1,600,000

Bonds payable

4,000,000

Determine the current ratio for Kirsten Company (rounded).

Select one:

A. 2.38

B. 4.41

C. 2.57

D. 4.23

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