The following information relates to Bonny Unlimited for the past two years.

Account	Current year	Prior year
Net sales (all credit)	$250,000	$180,000
Cost of goods sold	$115,000	$110,000
Gross profit	$135,000	$ 70,000
Income from operations	$ 32,000	$ 30,000
Interest expense	$ 4,000	$ 7,000
Net income	$ 24,000	$ 18,000
Cash	$ 16,000	$ 14,000
Accounts receivable, net	$ 20,000	$ 31,000
Inventory	$ 52,000	$ 44,000
Prepaid expenses	$ 2,000	$ 1,000
Total current assets	$ 90,000	$ 90,000
Total long-term assets	$100,000	$120,000
Total current liabilities	$ 60,000	$ 90,000
Total long-term liabilities	$ 22,000	$ 78,000
Common stock, no par, 2,000 shares, market value $90 per share	$ 40,000	$ 40,000
Retained earnings	$ 68,000	$ 2,000

What is the current ratio for the current year?

		1.00
		7.00
		2.40
		1.50