The Following Contains Information from the Records of the Becker

Multiple Choice

The following contains information from the records of the Becker Architecture Firm. $\begin{array}{c}\text {Becker Architecture Firm}\\\text { Selected Financial Information}\\\text {December 31,2019}\\\begin{array}{|l|r|}\hline \text { Current Assets } & \$ 90,000 \\\hline \text { Current Liabilities } & 30,000 \\\hline \text { Long-Term Assets } & 11,000 \\\hline \text { Long-Term Liabilities } & 65,000 \\\hline \text { Total Revenues } & 50,000 \\\hline \text { Total Expenses } & 34,000\\\hline \end{array}\end{array}$ Which of the following statements is an accurate interpretation of the current ratio of the Becker Architecture Firm? (Round your answer to two decimal places.)

A) The company has $1.03 of current assets for every $1.00 of liabilities.
B) The company has $3.00 of current assets for every $1.00 of current liabilities.
C) The company has $0.17 of current assets for every $1.00 of liabilities.
D) The company has $0.64 of current assets for every $1.00 of current liabilities.