Question: Based on the following data, what is the current ratio (rounded to one decimal place) ? Accounts payable $31,000 Accounts receivable 58,000 Accrued liabilities 5,500

Based on the following data, what is the current ratio (rounded to one decimal place)?

Accounts payable $31,000
Accounts receivable 58,000
Accrued liabilities 5,500
Cash 42,000
Intangible assets 49,000
Inventory 71,000
Long-term investments 82,000
Long-term liabilities 102,000
Marketable securities 31,000
Fixed assets 675,000
Prepaid expenses 1,100

a.5.6

b.6.6

c.3.6

d.7.8

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