The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Balance Sheet (Millions of $)	2021
Assets
Cash and securities		$	6,000
Accounts receivable			15,000
Inventories			15,000
Total current assets		$	36,000
Net plant and equipment			24,000
Total assets		$	60,000
Liabilities and Equity
Accounts payable		$	15,128
Accruals			9,672
Notes payable			7,000
Total current liabilities		$	31,800
Long-term bonds			12,000
Total liabilities		$	43,800
Common stock			3,726
Retained earnings			12,474
Total common equity		$	16,200
Total liabilities and equity		$	60,000
Income Statement (Millions of $)	2021
Net sales		$	108,000
Operating costs except depreciation			100,440
Depreciation			1,920
Earnings before interest and taxes (EBIT)		$	5,640
Less interest			1,140
Earnings before taxes (EBT)		$	4,500
Taxes (25%)			1,125
Net income		$	3,375
Other data:
Shares outstanding (millions)			500.00
Common dividends (millions of $)		$1,181.25
Int. rate on notes payable & L-T bonds			6%
Federal plus state income tax rate			25%
Year-end stock price			$81.00

What is the firm's current ratio? Do not round your intermediate calculations.

a. 0.85

b. 0.66

c. 1.13

d. 1.63

e. 1.45