The Sage Supplies Company has provided the following account balances: Cash $40,000 Short-term investments $5,000 Accounts receivable $38,000 Supplies $7,000 Long-term notes receivable $2,000 Equipment $96,000 Factory Building $180,000 Intangible assets $6,000 Accounts payable $37,000 Accrued liabilities payable $6,000 Short-term notes payable $17,000 Long-term notes payable $92,000 Common stock $180,000 Retained earnings $60,000 What is Sage's current ratio (current assets/current liabilities)