The Office Warehouse had the following account balances: Cash, $25,000; Accounts Receivable, $75,000; Merchandise Inventory, $85,000; Equipment, $225,000; Accumulated Depreciation - Equipment, $45,000; Accounts Payable, $50,000; Salaries Payable, $15,000; and Notes Payable - Long-term, $70,000. What is the current ratio, rounded to two decimal places? Question 1 options: 2.70 to 1 2.85 to 1 3.04 to 1 1.37 to 1