Question $7$

$0\mathrm{.}5$ points

XYZ Corporation has current assets of $$240,880$ and current liabilities of $$180,400.$ In addition, XYZ has refinanced a $$42,500$ long$-$term bond payable with a short$-$term note. The current ratio of XYZ is$.$

$1\mathrm{.}08$

$1\mathrm{.}48$

$1\mathrm{.}78$