The following information pertains to Blue Spruce Corp. 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 $ 56500 Accounts receivable (net) 23300 Inventory 21700 Property, plant and equipment 222000 Total Assets $323500 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities $ 29000 91800 202700 Stockholders' equity-common Total Liabilities and Stockholders' Equity $323500 Income Statement Sales revenue $111000 Cost of goods sold 73500 Gross profit 37500 Operating expenses 26000 Net income $11500 Number of shares of common stock 5000 Market price of common stock $30 Dividends per share on common stock 5.60 Cash provided by operations $46000 What is the current ratio for this company? 2.67 2.75 3.50 1.95