8. Kirsten Company presented the following data at the end of 2019: Cash $2,800,000 Accounts receivable 4,200,000 Merchandise inventory 1,800,000 Prepaid insurance 350,000 Property & equipment 8,500,000 Accounts payable 760,000 Unearned revenue 850,000 Wages payable 1,650,000 Bonds payable 4,050,000 Determine the current ratio for Kirsten Company (rounded)