Melrose Corporation has provided the following account balances:

Cash	$ 95,700
Short-term investments	$ 10,700
Accounts receivable	$ 120,700
Supplies	$ 15,700
Long-term notes receivable	$ 5,700
Equipment	$ 240,700
Factory Building	$ 450,700
Intangible assets	$ 15,700
Accounts payable	$ 76,400
Accrued liabilities payable	$ 11,400
Short-term notes payable	$ 35,700
Long-term notes payable	$ 232,800
Common stock	$ 453,500
Retained earnings	$ 145,800

What is Melrose's current ratio?

A. 1.97

B. 0.98

C. 2.68

D. 2.14