Mayfield Corporation has provided the following financial data:

Assets
Current assets:
Cash	$223,000
Accounts receivable	236,000
Inventory	202,000
Prepaid expenses	10,000
Total current assets	671,000
Plant and equipment, net	665,000
Total assets	$1,336,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$156,000
Accrued liabilities	52,000
Notes payable, short term	45,000
Total current liabilities	253,000
Bonds payable	100,000
Total liabilities	353,000
Stockholders' equity:
Common stock, $4 par value	360,000
Additional paid-in capital-common stock	80,000
Retained earnings	543,000
Total stockholders' equity	983,000
Total liabilities & stockholders' equity	$1,336,000

The company's current ratio is closest to:

0.26

2.65

0.50

0.53