The following partial balance sheet ($ in thousands) for Flight Leasing Inc. is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) $ 60 170 50 200 25 505 255 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and equity $240 80 320 110 430 150 180 330 Total assets $760 $760 The current ratio is (Round your answer to 2 decimal places.): Multiple Choice 1.17. 1.58. O 0.66. 1.98