Lester's has a current ratio of $0\mathrm{.}86.$ What does this indicate?

Multiple choice question.

The firm has $$0\mathrm{.}86$ in current assets for every $$1$ it must pay in obligations within the next year.

The firm has $$0\mathrm{.}86$ in current assets for every $$1$ of long$-$term debt.

The firm has $$0\mathrm{.}86$ in cash for every $$1$ it has in current liabilities.

The firm has $$0\mathrm{.}86$ in liquid assets for every $$1$ of debt.