Current Year Prior Year $25.000 $17.000 Cash $26.000 $35.000 Accounts receivable, net 565.000 560.000 Inventory $2,000 $1.000 Prepaid expenses $118.000 5113 000 Total current assets $162.750 $187.750 Total long-term assets Total current liabilities $60,000 $90,000 Total long-term liabilities $22.000 $78,000 Common stock, no par. $40,000 $40,000 2,500 shares, market value $96 per share Retained earnings $ 158,750 $92.750 The following information is for Thomas Corporation for the past two years. The current year's current ratio is: O 1.26 7.40 3.42 1.97