Solve for the current and quick ratio assuming a firm's long term assets = $100,000, total assets = $400,000, inventory = $50,000 and current liabilities = $200,000.

1)	current ratio = 0.5; quick ratio = 1.25

2)	current ratio = 1.0; quick ratio = 2.0

3)	current ratio = 1.5; quick ratio = 1.25

4)	current ratio = 2.5; quick ratio = 2.0