A Company Had the Following Partial List of Assets and Liabilities

Multiple Choice

A company had the following partial list of assets and liabilities: $$\begin{array} { l r } \text { Cash } & \$ 5,000 \\\text { FVTOCI securities } & 15,000 \\\text { Accounts receivable } & 75,000 \\\text { Inventory } & 32,500 \\\text { Prepaid insurance } & 2,500 \\\text { Accounts payable } & 18,500 \\\text { Unearned revenue } & 20,000 \\\text { Current portion of long-term debt } & 5,000\end{array}$$ What is their current ratio closest to?

A) 2.2
B) 2.5
C) 3.0
D) 3.4