A firm has the following balance sheet as August 31, 2019. What is its current ratio?

Cash	$5,000
Inventory	$19,375
Prepaid Expenses	$10,000
Property, Plant, and Equipment	$100,000
Goodwill	$25,000
Total Assets	$159,375
Accounts Payable	$5,000
Accruals	$15,000
Current Portion of Long Term Bonds Payable	$25,000
Long Term Bonds Payable	$60,000
Common Stock, Par	$1,000
Common Stock, Paid in Capital	$50,000
Retained Earnings	$3,375
Total Liabilities and Equity	$159,375