Use the information below to compute the current ratio. (The same company and numbers are used for questions 19-22) SHARKEY CORPORATION Selected Financial Data As of December 31 2007 2006 Cash Marketable securities Accounts receivable Inventory Net property, plant, and equipment 240,000 Accounts payable Short-term notes payable Credit sales Cost of goods sold $8,000 60,000 32,000 8,000 40,000 110,000 80,000 140,000 60,000 100,000 600,000 900,000 280,000 30,000 50,000 1,260,000 1,403,000 1.40 O 2.60 O 1.90 O 1.78