The Following Contains Information from the Records of the Balfor

Multiple Choice

The following contains information from the records of the Balfor Architecture Firm.

Which of the following statements is an accurate interpretation of the current ratio of Balfor Architecture Firm? (Round your answer to two decimals. )

A) The company has $2.19 of current assets for every $1.00 of liabilities.
B) The company has $1.90 of current assets for every $1.00 of current liabilities.
C) The company has $1.51 of current assets for every $1.00 of liabilities.
D) The company has $0.61 of current assets for every $1.00 of current liabilities.