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The following data is from the December 31, balance sheet of Andrews Company: Cash $136,000 Marketable securities 64,000 Accounts and notes receivable, net 184,000 Merchandise

The following data is from the December 31, balance sheet of Andrews Company:

Cash $136,000

Marketable securities 64,000

Accounts and notes receivable, net 184,000

Merchandise inventory 244,000

Prepaid expenses 12,000

AccountsNotes payable, short term 256,000

Accrued liabilities 64,000

Bonds payable, long-term 400,000

The current ratio is:

Select one or more:

a.1.2

b.1.2:1

c.2.1

d.3:1

(I keep getting 2:1 as the answer but that isnt an option.)

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