A corporation reports the following year-end balance sheet data. The company's current ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 41,000 Current liabilities 56,000 Long-term liabilities 61,000 Common stock 146,000 Retained earnings $304,000 Total liabilities and equity $ 76,000 31,000 101,000 96,000 $304,000 Multiple Choice 0.54 2.08 0.35 0.65