Which of the following interpretations is consistent with a current ratio of $3\mathrm{.}5?$

I. The firm carries $$3\mathrm{.}50$ in current liabilities for each $$1$ of current assets

II$.$ The firm carries $$3\mathrm{.}50$ in current assets for each $$1$ of current liabilities

III. The current ratio suggests the firm is solvent

IV$.$ The current ratio suggests the firm is insolvent

II and III

II only

III only

land IV