Elli Company reports the following year-end balance sheet data. The company's current ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 52,000 Current liabilities 67,000 Long-term liabilities 72,000 Common stock 157,000 Retained earnings $ 348,000 Total liabilities and equity $ 87,000 50,000 112,000 99,000 $ 348,000 Multiple Choice 1.37 0.61 0.39 0.65 2.20