On December 31, the Cornerstone Company Reported the Following Information

Multiple Choice

On December 31, the Cornerstone Company reported the following information on its financial statements. $$\begin{array} { l r } \text { Total current assets } & \$ 1,020,000 \\\text { Total long-ter m assets } & \$ 2,775,000 \\\text { Total cur rent liabilities } & \$ 735,000 \\\text { Total long-term debt } & \$ 1,462,500\end{array}$$ According to this information, the company's current ratio is approximately

A) 0.72.
B) 1.39.
C) 1.73.
D) 1.90.