The Following Information Has Been Extracted from the Books of the Flanker

question 70

Multiple Choice

The following information has been extracted from the books of the Flanker Company: $\begin{array}{lllr}\text { Current assets: }&&\text { Current liabilities: }\\\\\text { Cash } & \$ 86 & \text { Accts payable } & \$ 78 \\\text { Accounts receivable } & 130 & \text { Wages payable } & 68 \\\text { Inventory } & 140 & \text { Taxes payable } & 28\\\\\text { Total }&\$356&\text { Total }&\$174\end{array}$ The current ratio for Flanker Company is _____.

• A)0.76
• B)1.48
• C)2.05
• D)2.51