The Following Information Was Taken from the Financial Statements of Brandon's

Multiple Choice

The following information was taken from the financial statements of Brandon's Motor Shop: Total current assets
$ 53,000
Property, plant, and equipment
6,000
Current liabilities
21,000
Long-term liabilities
4,000
Owner's equity
34,000
Beginning inventory
31,000
Ending inventory
33,000
Cost of goods sold
152,000
Net income
42,000
​
The current ratio for Brandon's Motor Shop is closest to

A) 1.3 to 1.
B) 2.4 to 1.
C) 2.5 to 1.
D) 1 to 2.5.