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The following data were taken from the records of Carrington Company: Balance sheet Item Amount Current assets $8,000 Property, plant, and equipment 16,000 Current liabilities

The following data were taken from the records of Carrington Company: Balance sheet Item Amount Current assets $8,000 Property, plant, and equipment 16,000 Current liabilities 4,000 Long-term liabilities 8,000 Stockholders equity 12,000 What is Carrington Companys current ratio?

a.0.67

b.1.00

c.2.00

d.0.50

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