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Using the following financial statement information: Balance Sheet Cash $ 12,000 Short-term Investment 4,685 Accounts Receivable 48,900 Inventory 75,600 Current Assets 141,185 Fixed Assets 234,500

Using the following financial statement information:

Balance Sheet
Cash $ 12,000
Short-term Investment 4,685
Accounts Receivable 48,900
Inventory 75,600
Current Assets 141,185
Fixed Assets 234,500
Total Assets $ 375,685
Accounts Payable $ 34,650
Accruals 9,985
Short-term Debt 15,600
Current Liabilities 60,235
Long-term Debt 82,500
Total Liabilities 142,735
Common Stock 68,500
Retained Earnings 164,450
Common Equity 232,950
Total Debt & Common Equity $ 375,685

Income Statement
Sales $ 456,800
COGS 367,500
Depreciation 23,450
EBIT 65,850
Interest Expense 26,250
EBT 39,600
Taxes (25%) 9,900
Net Income $ 29,700

Calculate the Current Ratio (CR)

Group of answer choices

2.343903x

.989141x

.375807x

1.711333x

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