Shown below is selected information from the statement of financial position (balance sheet) of Bill's Auto Parts, a retail store (dollar amounts are in thousands): Cash Accounts receivable Inventory Total assets Current liabilities Noncurrent liabilities $ 130 $ 370 $ 400 $ 1,260 $ 340 $ 280 What is the current ratio? (Round your answer to one decimal place.) Multiple Choice Less than 2 to 1, but not 1.2 to 1 2.6 to 1 More than 2 to 1, but not 2.6 to 1 1.2 to 1