A corporation reports current assets of $200,000 and current liabilities of $100,000 on 2/1/23 prior to purchasing inventory. On 2/1/23 the corporation purchases $25,000 of inventory on account. Calculate the current ratio after the inventory is purchased. You must include the calculation in order to receive credit.

A corporation reports current assets of $200,000 and current liabilities of $100,000 on 2/1/23 prior to purchasing inventory. On 2/1/23 the corporation purchases $25,000 of inventory on account. Calculate the current ratio after the inventory is purchased. You must include the calculation in order to receive credit