The following information pertains to Blue Flower Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets s 45,000 30,000 25,000 210,000 $310.000 Liabilities and Stockholders Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity S 60,000 95,000 $310.000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income $ 116,000 66,000 50,000 $20,000 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 6,000 S20 50 $35,000 What is the current ratio for this company? 1) 1.17 )2) 1.25 3) 1.67 4) 0.75