The following information was taken from the financial statements of CLB, Inc. the following items : Assets: Cash $ 300,000 Temporary Investments $ 250,000 Accounts receivable (net) $ 100,000 Inventory $ 300,000 Equipment (net book value) $2.000.000 Liabilities: Current Liabilities: Accounts payable $750,000 Wages Payable $ 10,000 Long-term liabilities: $ 20,000 Question: Using the above information, the computation of the current ratio equals: .92 1.25 O.87 1.27