Feiler Corporation Has Total Current Assets of $497,000, Total Current

Multiple Choice

Feiler Corporation has total current assets of $497,000, total current liabilities of $361,000, total stockholders' equity of $1,071,000, total plant and equipment (net) of $1,045,000, total assets of $1,542,000, and total liabilities of $471,000. The company's current ratio is closest to:

A) 0.77
B) 1.06
C) 1.38
D) 2.22