Answer:
Explanation:
Current Assets are those asset which will be liquidated within next one year. 
cash and marketable securities        $360,000
accounts receivable                           $1,280,000
inventory                                             <u>$2,180,000</u>
Total Current Assets                          <u>$3,820,000</u>
Current Liabilities are those which is payable within next one year. 
accrued wages and taxes                   $540,000
accounts payable                                $840,000
notes payable                                      <u>$680,000</u>
Total Current Liabilities                       <u>$2,060,000</u>
Current ratio measures the capability of a business to pay the current liabilities if it becomes due.
Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times