Paul is a student. All of Paul's disposable income is used to pay for his post-secondary education expenses. While he has no liabilities (he is on a scholarship), he does have a credit card that he typically uses for emergencies. He and a friend went on a shopping spree in Toronto costing $1,600, which Paul charged to his credit card. Paul has $48 in his wallet, but his bank accounts are empty. Paul's current ratio is Select one: O a. 0.03, which indicates that for every dollar of current liabilities, he has $0.03 in liquid assets. O b. 33.33, which indicates that for every dollar of current liabilities, he has $33.33 in liquid assets. O c. 0.30, which indicates that for every dollar of current liabilities, he has $0.30 in liquid assets. O d. 3.00, which indicates that for every dollar of current liabilities, he has $3.00 in liquid assets