The following information pertains to Splish Brothers Inc. 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	$ 50700
Accounts receivable (net)	28200
Inventory	35900
Property, plant and equipment	228000
Total Assets	$342800
Liabilities and Stockholders Equity
Current liabilities	$ 28000
Long-term liabilities	92800
Stockholders equitycommon	222000
Total Liabilities and Stockholders Equity	$342800
Income Statement
Sales revenue	$119000
Cost of goods sold	70600
Gross profit	48400
Operating expenses	30200
Net income	$ 18200
Number of shares of common stock	11800
Market price of common stock	$29
Dividends per share on common stock	2.30
Cash provided by operations	$32000

What is the current ratio for this company?

2.74

2.82

4.10

1.81