Use the following data to determine the current ratio:

Carslaw Company Balance Sheet December 31, 2014
Cash		$260,000		Accounts payable	$280,000
Accounts receivable		200,000		Salaries payable	40,000
Inventory		220,000		Bonds payable	320,000
Prepaid insurance		120,000		Total liabilities	$640,000
Investment in stock		340,000
Land		360,000		Common stock	$480,000
Buildings	420,000			Retained earnings	1,000,000
Less accumulated depreciation	(60,000)	340,000		Total Stockholders equity	$1,480,000
Patents		280,000		Total liabilities and stockholders equity	$2,120,000
Total assets		$2,120,000

2.50 to 1

1.44 to 1

2.13 to 1

2.86 to 1