The following information comes from the financial records of Thatcher Company. Using this information, what is Thatcher's CURRENT RATIO?

Accounts Payable	210
Accounts Receivable	1,600
Capital Stock	120
Cash	50
Cost of Goods Sold	300
Inventory	190
Long-term Debt	1,820
Net Income	140
Property, Plant, and Equipment (net)	700
Retained Earnings	390
Sales	1,500
Market value of shares	3,000

• 7.86
• 1.00
• 0.79
• 8.76