Gnas Corporation's total current assets are $210,000, its noncurrent assets are $590,000, its total current liabilities are $160,000, its long-term liabilities are $490,000, and its stockholders' equity is $150,000. The current ratio is closest to:

A) 1.31
B) 0.76
C) 0.33
D) 0.36

Current Ratio

A financial ratio indicating a firm's capacity to settle short-term liabilities using its short-term assets.

Noncurrent Assets

Long-term assets not expected to be converted into cash within one year, such as property, plant, and equipment.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the company's assets.