Philippe Organic Farms Has Total Assets of $689,400, Long-Term Debt

Multiple Choice

Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $512,100, and sales of $1,021,500.The profit margin is 6.2 percent.What is the current ratio?

A) ..95
B) .1.12
C) 1.26
D) 1.40
E) 1.50