The December 31, 2016 balance sheet of Rowan Company shows current assets of $32,000 and current liabilities of $18,000. On January 1, 2017 the company recorded the following entries:

Cash	14,800
Common Stock		14,800
Cash	4,000
Accounts Receivable		4,000

After the two journal entries were recorded, the company current ratio is:

2 to 1

1.8 to 1

2.8 to 1

2.6 to 1