Brock Company's Financial Information Is Listed Below Liabilities and Stockholders' Equity

Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets $\begin{array}{lr}\text { Cash and short-term investments } & \$ 40,000 \\\text { Accounts receivable (net) } & 30,000 \\\text { Inventory } & 25,000 \\\text { Property, plant, and equipment } & 215,000 \\\text { Total assets } & \$ 310,000\end{array}$ Liabilities and Stockholders' Equity $$\begin{array} { l r } \text { Current liabilities } & \$ 60,000 \\\text { Long-term liabilities } & 95,000 \\\text { Common stock, } \$ 10 \text { par } & 60,000 \\\text { Retained earnings } & 95,000 \\\text { Total liabilities and stockhol ders' equity } & \$ 310,000\end{array}$$
Income Statement $$\begin{array} { l r } \text { Sales } & \$ 90,000 \\\text { Cost of goods sold } & 45,000 \\\text { Gross margin } & \$ 45,000 \\\text { Operating expenses } & 20,000 \\\text { Net income } & \$ 25,000\end{array}$$ $\begin{array}{lr}\text { Number of shares of common stock } & 6,000 \\\text { Market price of common stock } & \$ 20\end{array}$
What is the current ratio?

A) 1.42
B) 1.17
C) 1.58
D) 0.67