NL Inc
Balance sheet information
as of 12/31/2021
Assets
Cash = $17,050
A/R = $73,400
Inventories = $8,500
Total Current assets = $98,950
Property Plant and Equipment = $14,250
Total Assets = $113,200
Liabilities
A/P $25,000
Other current liabilities. $37,500
Long term debt. $54,500
Total liabilities = $117,000
Group of answer choices
.97
1.58
.85
3.96
Using the information below, what is the current ratio for NL Inc. (if necessary round to the nearest tenth).
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