Following Is Financial Statement Information for Rogex Corporation: Cash =

Multiple Choice

Following is financial statement information for Rogex Corporation: cash = $242; accounts receivable = $850; inventory = $820; net fixed assets = $3,408; accounts payable = $700; short-term notes payable = $740; long-term liabilities = $1,100; common stock = $1,160; and retained earnings = $1,620.What is the current ratio for Rogex?

A) 1.46
B) 1.33
C) 1.23
D) 1.21