The Following Contains Information from the Records of the Wellborn

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects. Which of the following statements is an accurate interpretation of the current ratio of Wellborn Engineers and Architects?

A) The company has $2.32 of current assets for every $1.00 of liabilities.
B) The company has $1.68 of current assets for every $1.00 of current liabilities.
C) The company has $1.58 of current assets for every $1.00 of liabilities.
D) The company has $0.59 of current assets for every $1.00 of current liabilities.