Company Balance Sheet as of December 31, 2014 Assets Liabilities Current Assets Current Liabilities Cash $ 42.000 Accounts payable $ 30,000 Inventory 36,000 Short-term debt.. 42.000 Prepaid expense 12.000 Total current liabilities $72.000 Total current assets.. ... $ 90,000 Non-current Liabilities Non-current Assets Bond payable 34.000 Plant and equipment (net) 58.000 Owners' Equity Patent (net). 24.000 Common stock. - 20,000 Total Assets $ 170.000 Retained earnings 44,000 Total Liabilities and Owners' Equity $ 170,000 Quentin's current ratio on December 31, 2014, is .
a. 2.12
b. 1.52
c. 1.19
d. 0.53