Skippy Ltd reported the following assets and liabilities at the end of 30th June 2018: Cash 16,500 Equipment 8,800 Accounts receivable 12,000 Inventories 6,500 1,200 Prepaid expenses Short-term borrowings 5,000 Creditors 10,500 Mortgage (Due 2025) 15,000 1,600 Income tax payable What is Skippy Ltd.'s current ratio? Select one: O a. 2.63 times O b. 1.12 times O c. 2.12 times O d. 1.40 times