Piper Inc Has Cash of $63,000; Net Accounts Receivable of $77,000;

Multiple Choice

Piper Inc. has cash of $63,000; net Accounts Receivable of $77,000; short-term investments of $20,000 and inventory of $68,000. It also has $47,000 in current liabilities and $73,000 in long-term liabilities. The current ratio for Piper Inc. is:

A) 1.55.
B) 3.40.
C) 1.34.
D) 4.85.