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The Cramer Company has provided the following account balancest
Cash $35,000; Short-term investments $4,000; Accounts receivable $48,000; Long-term notes receivable $2,000; Production Equipment $96,000: Factory Building $180,000; Accounts payable $30,000; Short-term notes payable $14,000; Long-term notes payable $92,000;
What is Cramer's current ratio (rounded to 2 decimals)?
a. 1.98
b. 2.77
c. 2.02
d. 2.25



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