The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures Assume that all sales were on credit Assets $ 40,000 Cash and short-term investments 25,000 Accounts receivable (net) 20,000 Inventory 210,000 Property, plant and equipment $295.000 Total Assets Liabilities and Stockholders' Equity 60,000 Current liabilities 85,000 Long-term liabilities 150.000 Stockholders' equity-common Total Liabilities and stockholders' equity $295.000 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income $ 85,000 _45.000 40,000 20.000 $ 20.000 Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations 6,000000 $20 0.90 $30,000 What is the current ratio for this company? Round your answer to one decimal point O a 1.16 b. 142 O c.080 Od 0.60