Valdez Corporation has cash of $153,000; net Accounts Receivable of $93,000; short-term investments of $35,000 and prepaid expenses of $43,000. It also has $45,000 in current liabilities and $76,000 in long-term liabilities. What is the current ratio for Valdez Corporation?
◦ 3.40
◦ 2.68
◦ 7.20
◦ 6.24