Company XYZ wants to assess its liquidity position. They gather the following financial information for the year ending on December 31, 2022:

Current Assets: $150,000

Current Liabilities: $90,000

Inventory: $40,000

Accounts Receivable: $30,000

Cash: $20,000

Calculate the Current Ratio for Company XYZ and select the most appropriate answer from the options below:

A) 1.25

B) 1.67

C) 2.00

D) 0.75