Use Rizwi Corporation's List of Accounts at December 31, 2016

Multiple Choice

Use Rizwi Corporation's list of accounts at December 31, 2016 to answer the following question. Rizwi Corporation
List of Accounts at December 31, 2016
$\begin{array}{lrlr}\text { Cash } & \$ 30,000 & \text { Accumulated depreciation } & \$ 12,000 \\\text { Merchandise inventory } & 14,000 &\text { Notes payable- } & 120,000 \\\text { Land } & 40,000&\text { Due12/31/2024 } & \\\text { Buildings } & 80,000&\text { Accounts payable } & 14,000 \\\text { Accounts receivable } &25,000& \text { Equipment } & 33,000 \\& & \text { Notes Payable- } & 14,000\\&&\text { Due07/01/2018 }\\\end{array}$ ? What is Rizwi Corp.'s current ratio?

A) 0.48 to 1
B) 2.00 to 1
C) 2.55 to 1
D) 2.86 to 1