The Balance Sheet of Crimpson Solutions Ltd

Multiple Choice

The balance sheet of Crimpson Solutions Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450 million. The company also has accounts payable of $120 million, notes payable of $280 million, and corporate bonds of $365 million. Crimpson's current ratio is:

A) 2.5 times.
B) 1.56 times.
C) 1.325 times.
D) 0.565 times.
E) 1.855 times.