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Jones Company has the following information from the partial balance sheet. Current Assets: Cash and...

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Accounting

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Jones Company has the following information from the partial balance sheet. Current Assets: Cash and Cash Equivalents Accounts Receivable, net Inventories Prepaid Rent Total Current Assets $7,800 4,000 3,000 2,600 $17.400 Current Liabilities: Accounts Payable Current Portion Long-Term Debt Accrued Salaries Payable Total Current Liabilities $3,400 3,400 1,000 $7,800 What is the current ratio? (Round your final answer to two decimal places.) O A. 1.21 B. 1.47 OC. 2.23 OD. 0.45

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