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. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Wellborn Engineers and Architects
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Selected Financial Information
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ December 31, 2015
$$\begin{array} { | l | r | } \hline \text { Current Assets } & \$ 74,000 \\\hline \text { Current Liabilities } & 44,000 \\\hline \text { Long-term Assets } & 95,000 \\\hline \text { Long-term Liabilities } & 60,000 \\\hline \text { Total Revenues } & 50,000 \\\hline \text { Total Expenses } & 30,000 \\\hline\end{array}$$ Which of the following statements is an accurate interpretation of the current ratio of Wellborn Engineers and Architects?

A) The company has $2.32 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.