The Following Contains Information from the Records of the Wellborn $\quad$

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects.
$\quad$$\quad$$\quad$$\quad$ Wellborn Engineers and Architects
$\quad$$\quad$$\quad$$\quad$ Selected financial information
$\quad$$\quad$$\quad$$\quad$ 31 December,2016
$$\begin{array} { | l | l | } \hline \text { Current assets } & \$ 70,000 \\\hline \text { Current liabilities } & 35,000 \\\hline \text { Non-current assets } & 99,000 \\\hline \text { Non-current liabilities } & 62,000 \\\hline \text { Total revenues } & 53,000 \\\hline \text { Total expenses } & 37,000 \\\hline\end{array}$$ Which of the following statements is an accurate interpretation of the current ratio of Wellborn Engineers and Architects?

A) The company has $2.00 of current assets for every $1.00 of current liabilities.
B) The company has $0.57 of current assets for every $1.00 of current liabilities.
C) The company has $2.13 of current assets for every $1.00 of liabilities.
D) The company has $1.60 of current assets for every $1.00 of liabilities.