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A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) ...

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Accounting

A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands)

Assets: Liabilities:
Cash $60 Accounts payable $240
Accounts receivable (net) 170 Other liabilities 80
Investments 50 Total current liabilities 320
Inventory 200 Long-term liabilities 110
Prepaid rent 25 Total liabilities 430
Total current assets 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 current ratio is (rounded to two decimal places):

1.98.

1.58.

1.17.

0.66.

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