Prior year The following selected information relates to Candle Company for the past two years, Account Current year Net sales (all credit) $237250 Cost of goods sold $115,000 Gross proft $122.250 Income from operations $32,000 Interest expense $2.000 Net Income $24,000 Cash $25,000 Accounts receivable net $22,000 Inventory $56,000 Prepaid expenses $2,000 $180,000 $110,000 $70,000 $30,000 $7,000 $18,000 $14.000 $31,000 $44,000 $1,000 A 1 OB 175 OC. 042 OD. 477 Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current abilities Total long-term liabilities Common stock no par 2,500 shares, market value $96 per share Retained earnings $25,000 $22.000 $56,000 $2,000 $105,000 5150,000 $60,000 $22.000 $14,000 $31.000 $44,000 $1,000 $90,000 $175,000 $90,000 $78,000 $40.000 $133,000 $40.000 $57,000 A What is the current ratio for the current year? A1 B. 1.75 OC. 0.42 OD. 477