The Following Is a Simplified Financial Position Statement for a Company

The following is a simplified financial position statement for a company:
$$\begin{array} { | l | l | l | l | } \hline \text { Assets } & \$ & \text { Liabilities } & \$ \\\hline \text { Cash } & 250000 & \text { Accounts payable } & 1480000 \\\hline \text { Trading securities } & 350000 & \text { Accrued expenses payable } & 420000 \\\hline \text { Accounts receivable } & 1360000 & \text { Taxes payable } & 140000 \\\hline \text { Inventory } & 2470000 & \text { Long-term debt } & 3850000 \\\hline \text { Property } & 3350000 & \text { Shareholders' funds } & 2340000 \\\hline \text { Equipment } & 450000 & & \\\hline\end{array}$$
Calculate the liquidity ratio.

A) 0.85
B) 0.96
C) 1.51
D) 1.32