The financial statements for Banana Company include the following items: 20X9 20X8 Cash $47,500 29,000 $48,000 17,000 47,000 46,000 60,000 157,000 Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Salaries Payable Long-term Note Payable 526,000 131,500 547,000 125,000 12,000 55,000 25,000 58,000 Compute the current ratio for 20X8. 0.87 O 6.92 O 3.99 O 1.15