A firm has the following balance sheet as February 1, 2020. What is its current ratio?

Cash Inventory Prepaid Expenses Property, Plant, and Equipment Goodwill Total Assets $10,000 $25,000 $10,000 $100,000 $25,000 $170,000 Accounts Payable $5,000 Accruals $15,000 Current Portion of Long Term Bonds Payable $25,000 Long Term Bonds Payable $50,000 Common Stock, Par $1,000 Common Stock, Paid in Capital $50,000 Retained Earnings $24,000 Total Liabilities and Equity $170,000