Dooley Company Had Current Assets of $1,552,current Liabilities of $1,413,total

Dooley Company had current assets of $1,552,current liabilities of $1,413,total assets of $1,742,and long-term liabilities of $1,210.If Dooley acquires inventory by executing a six-month note for $1,550,what is the new current ratio? (Round your final answer to two decimal places. )

A) 1.10
B) 1.05
C) 0.96
D) 2.20