Question: Rainsoft Company Selected data from the financial statements are provided below: 2021 2020 2019 Cash $ 28,000 $ 14,000 Accounts Receivable 32,000 114,400 Inventory $

Rainsoft Company Selected data from the financial statements are provided below: 2021 2020 2019 Cash $ 28,000 $ 14,000 Accounts Receivable 32,000 114,400 Inventory $ 44,000 84,000 44,000 46,000 $218,000 100,000 Prepaid Expenses Total Current Assets 166,000 36,000 $262,000 41,600 $270,000 Total Current Liabilities Net Credit Sales $130,000 442,000 336,000 Cost of Goods Sold Net Cash Flows from Operating Activities $144,000 652,000 598,000 58,000 32,000 Refer to Rainsoft Company. What is the current ratio for 2021? a. 1.68 b. 0,60 c. 0.99 d. 1.34

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