Macmillan Corporation Has Provided the Following Financial Data

Macmillan Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $7,200.The market price of common stock at the end of Year 2 was $3.69 per share. The company's current ratio at the end of Year 2 is closest to:

A) 0.83
B) 1.96
C) 0.45
D) 0.37