Teague Industries Presented Below Is Selected Financial Data for Teague

Multiple Choice

Teague Industries Presented below is selected financial data for Teague Industries for the current year:
$\begin{array}{|c|c|c|c|}\hline \text { Current assets: } & & \text { Current liabilities } & \\\hline \text { Cash and cash equivalents } & \$ 3,583 & \text { Accounts payable } & \$ 5,305 \\\hline \text { Short-term investments } & 1,625 & \text { Other current liabilities } & 2,892 \\\hline \text { Receivables, net } & 1,871 & \text { Total current liabilities } & 8,197 \\\hline \text { Merchandise inventories } & 6,185 & \text { Noncurrent liabilities } & 5,226 \\\hline \text { Other current assets } & 1,935 & \text { Shareholders' Equity } & 6,290 \\\hline \text { Total current assets } & 15,199 & \begin{array}{l}\text { Total liabilities and shareholders' } \\\text { equity }\end{array} & \$ 19,713 \\\hline \text { Noncurrent assets } & 4,514 & & \\\hline \text { Total assets } & \$ 19,713 & & \\\hline & & & \\\hline \text { Revenues } & \$ 50,826 & & \\\hline \text { Costs and Expenses } & 45,963 & & \\\hline \text { Operating Income } & 4,863 & & \\\hline \begin{array}{l}\text { Other income/expense (including } \\\text { interest expense of } \$ 80 \text { ) }\end{array} & (56) & & \\\hline \text { Income before income tax } & 4,807 & & \\\hline \text { Income tax expense } & (1,459) & & \\\hline \text { tincome } & \$ 3,348 & & \\\hline\end{array}$

Previous Years' Financial Data
$$\begin{array} { | l | r | } \hline \text { Total Assets } & \$ 17,420 \\\hline \text { Shareholders' Equity } & 3,960 \\\hline\end{array}$$ The current ratio for Teague Industries is ________. (Round your answer to two decimal places, X.XX.)

A) 0.77
B) 1.47
C) 1.85
D) 2.91