Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in 2021. The weighted average number of shares issued in 2021 was 50,000 shares. Shannon Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange. Shannon Corporation reported the following data for 2021 and 2020: 2021 2020 Cash Short-term Investments $48,500 $44,000 34,000 15,000 Net Accounts Receivable Merchandise Inventory Total Assets 58,000 49,000 164,000 48,000 526,000 551,000 Accounts Payable 132,500 130,000 Salaries Payable Long-term Note Payable 55.000 23,000 19,000 53,000 What was Shannon Corporation's current ratio for 2020? 1. 4