The financial statements for Banana Company include the following items: 20X9 20X8 Cash $51,500 $42,000 Short-term Investments 25,000 12,000 Net Accounts Receivable 52,000 53,000 Merchandise Inventory 164,000 51,000 Total Assets 525,000 553,000 Accounts Payable 134,500 130,000 Salaries Payable 23,000 16,000 Long-term Note Payable 63,000 60,000 Compute the current ratio for 20X8. 3.79 6.01 01.08 0.92