Matie's Playground Equipment has current assets of \( \$ 128,400 \) and current liabilities of \( \$ 78,950 \). Find the current ratio. (Round to the nearest hundredth.) Select one: a. \( .78: 1 \) O. \( 1.63: 1 \) O c. \( 61: 1 \) d. \( .75: 1 \)

To find the current ratio, we use the formula: \[ \text{Current Ratio} = \frac{\text{Current Assets}}{\text{Current Liabilities}} \] Given: - Current Assets = \( 128,400 \) - Current Liabilities = \( 78,950 \) Now, let's calculate the current ratio: \[ \text{Current Ratio} = \frac{128400}{78950} \] Next, I will perform the calculation. Calculate the value by following steps: - step0: Calculate: \(\frac{128400}{78950}\) - step1: Reduce the fraction: \(\frac{2568}{1579}\) The calculation gives us: \[ \text{Current Ratio} \approx 1.626346 \] Rounding this to the nearest hundredth, we get: \[ \text{Current Ratio} \approx 1.63 \] Thus, the correct answer is: **b. \( 1.63: 1 \)**