A corporation reports the following year-end balance sheet data. The company's current ratio equals: Cash $ 40,000 Current liabilities $ 75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets $ 300,000 Total liabilities and equity $ 300,000 2.07 1.27 0.37