Dratif Corporation's working capital is $33,000 and its current liabilities are $80,000.The corporation's current ratio is closest to:

A) 1.41
B) 0.59
C) 3.42
D) 0.41

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to fund daily operations and short-term financial obligations.

Current Liabilities

Financial obligations a company is expected to settle within one year or within its operating cycle, whichever is longer.

Current Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with short-term assets.