Use the Following Information for Questions 60 Through 63

Multiple Choice

Use the following information for questions 60 through 63.
Information for Ramirez Corp. is given below: Additional information:
There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2015, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2015. Assume that preferred dividends for the current year have not been declared.
-At December 31, 2015, the current ratio was

A) 1,500 ÷ 420.
B) 4,450 ÷ 546.
C) 3,126 ÷ 546.
D) 3,126 ÷ 696.