The year-end balance sheet of Medina, Inc. shows the following accounts and balances:

Cash $ 250

Accounts receivable 300

Prepaid insurance 50

Equipment, net 2,000

Accounts payable 200

Wages payable 100

Notes payable, due in 5 years 800

Common stock 1,000

Retained earnings 500

What is Medina's current ratio?

	a.	.5
	b.	1
	c.	1.33
	d.	2
	e.	none of the above