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The Pioneer Company has provided the following account balances: Cash $39,000; Short-term investments $5,000; Accounts receivable $7,000; Supplies $53,000; Long-term notes receivable $3,000; Equipment $101,000;

The Pioneer Company has provided the following account balances: Cash $39,000; Short-term investments $5,000; Accounts receivable $7,000; Supplies $53,000; Long-term notes receivable $3,000; Equipment $101,000; Factory Building $190,000; Intangible assets $7,000; Accounts payable $29,000; Accrued liabilities payable $3,500; Short-term notes payable $16,000; Long-term notes payable $97,000; Common stock $190,000; Retained earnings $69,500. What is Pioneer's current ratio?

2.14

1.05

2.31

3.20

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