Explanation:

- Option 1: The ideal current ratio is generally considered to be 2:1. This means that a company should have twice as much in current assets as it does in current liabilities, providing a good buffer for covering short-term obligations.

- Option 2: A current ratio of 1.33:1 indicates less cushion against short-term liabilities but may still be acceptable in some industries.

- Option 3: A 1:1 ratio would mean that a company's current assets just cover its current liabilities, offering no additional safety margin.

- Option 4: This isn't applicable since Option 1 defines the generally accepted ideal.