Norton Company Has the Following Assets on January 1, 2017

Multiple Choice

Norton Company has the following assets on January 1, 2017 and January 1, 2016.
$$\begin{array} { l r r } & 1 / 1 / 17 & 1 / 1 / 16 \\\hline \text { Cash } & \$ 430,000 & \$ 370,000 \\\text { Accounts receivables } & ? & 333,000 \\\text { Marketable securities } & 36,000 & 130,000 \\\text { Irventory } & 220,000 & ? \\\text { Net plant and equipment } & 120,000 & 129,000\end{array}$$
If Norton's current ratio is 2.20 for 2016 and its current liabilities are $600,000, what is the amount of its inventory?

A) $197,000
B) $487,000
C) $238,636
D) There is not enough information to answer this question.