Calculate the Current Ratio of Joseph Ltd. from the following particulars: Particulars $ Machinery 27,000 Trade Receivables 1,10,000 Current Investments 30,000 Debentures (to be redeemed after 2 years) 2,10,000 Cash and Cash Equivalents 40,000 Expenses Outstanding 50,000 Prepaid Expenses 20,000 Trade Payables 75,000 Inventory (including loose tools) 60,000