D Question 8 A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) Current Ratio = Current Assets Current Liabilities Assets: Liabilities: Cash Accounts receivable (net) Investments Inventory Prepaid rent Total current assets $ 60 Accounts payable $240 170 Other liabilities. 80 50 Total current liabilities 320 200 Long-term liabilities 110 25 Total liabilities 430 505 Stockholders' equity: Property & Equipment, (net) 255 Common stock 150 Retained earnings 180 Total stockholders' equity 330 Total assets $760 Total liabilities and equity $760 The calculation for current ratio is: (Round your answer to 2 decimal places.) 1.98 O 1.58 O 0.66 O 1.17