An organization has the following current assets: $100,000 in cash, $50,000 in securities, $20,000 in accounts receivable, and $40,000 in inventory. In terms of current liabilities, the company has $60,000 in accounts payable, $20,000 in current debt, and $20,000 in accrued expenses. What is the current ratio of the company, and what is your interpretation of the current ratio?