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Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question Cash Accounts receivable Merchandise inventorv Prepaid expenses Total current assets 2016 S 22,000 42,000 22,000 23000 $109,000 2015 S 14,000 16,000 83,000 18.000 $131,000 Total current liabilities Net credit sales Cost of goods sold Net cash flow from operating activities S 65,000 221,000 168,000 16,000 S 72,000 326,000 299,000 29,000 Refer to the data for Pinecrest Company The current ratio for 2016 is: a. 0.99 to 1 b. 1.34 to 1 C. 0.60 to 1 d. 1.68 to 1