Selected financial statement data for Mure Company are presented below. December 31, 2020 Cash Short-term investments December 31, 2019 $30,000 18,000 90,000 60,000 90,000 $ 40,000 20,000 100,000 80,000 100,000 Accounts receivable (net) Inventory Total current liabilities During 2020, net sales were $950,000, and cost of goods sold was $770,000. (a) Compute the current ratio at December 31, 2020. (Round answer to 1 decimal place, e.g. 2.1:1) Current ratio