As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.

Cash $5,000

Accounts Receivable 15,000

Inventory 40,000

Prepaid Insurance 3000

Fixed Assets 100,000

Accounts Payable 15,000

Notes Payable in 5 Months 12,500

Salary Payable 25,000

Notes Payable in 5 years

35,000

Owner’s Equity 98,000As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.
Cash $5,000
Accounts Receivable 15,000
Inventory 40,000
Prepaid Insurance 3000
Fixed Assets 100,000
Accounts Payable 15,000
Notes Payable in 5 Months 12,500
Salary Payable 25,000
Notes Payable in 5 years
35,000
Owner’s Equity 98,000
2. What is the company's Current Ratio?
Question 3 options:

2.5

1.75

2.1

1.2