Based on the following information from Scranton Company's balance sheet,calculate the current ratio. 
Definitions:
Personal Property
Movable assets or belongings that are owned by an individual or business, as opposed to real estate.
Tangibility
Tangibility refers to the quality of being perceptible by touch or being material, as opposed to intangible assets like patents or copyrights.
Inheritance
The assets, rights, and obligations passed down to heirs or legal successors after someone dies.
Mislaid Property
Refers to personal property that is unintentionally left by its owner in a place where it is likely to be found and cared for, such as leaving a book in a cafe.
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