A corporation reports the following year-end balance sheet data. The company's current ratio equals: Cash$60,000? Current liabilities$94,000? Accounts receivable 74,000? Long-term liabilities 22,000? Inventory 79,000? Common stock 119,000? Equipment 164,000? Retained earnings 142,000? Total assets$377,000? Total liabilities and equity$377,000?
A. 0.44
B. 2.27
C. 0.69
D. 0.31
E. 1.43
Answer: B
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What will be an ideal response?