A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows:

Required:

During the year, the compony earned a gross profit of $$1,116,000$ on soles of $$2,950,000.$ Accounts receivable, inventory and plant assets remained almost constant in amount throughout the year, so yearend figures may be used rather than averages.

a$.$ Compute the current ratio.

Note: Round your answer to $1$ decimal place.

$$ Prer $1$ of $4$

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