The formula for the volume of a cylinder is:
\[
V_{\text{cylinder}} = \pi r^2 h
\]
The formula for the volume of a cone is:
\[
V_{\text{cone}} = \frac{1}{3} \pi r^2 h
\]
Since the base radius and height of the cylinder and cone are the same, the ratio of their volumes is:
\[
\frac{V_{\text{cylinder}}}{V_{\text{cone}}} = \frac{\pi r^2 h}{\frac{1}{3} \pi r^2 h} = 3
\]
Thus, the correct answer is option (3), 3:1.