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 98,000
2. What is the company's Current Ratio?

Question 3 options:

2.5

1.75

2.1

1.2