Allen Company had the following accounts and balances on December 31, 2019: Estimated Liabilities $51,250 Discount on Notes Payable $150 Cash $20,000 Notes Receivable, maturity 2/1/22 $5,000 Notes Payable, due June 2, 2020 $1,000 Current Maturities of Long-Term

Debt

$6,900 Accounts Receivable $267,500 Unearned Revenue $4,320 Equipment $950,000 Interest Payable $1,010 Accounts Payable $104,400 Wages Payable $6,000 Inventory $85,000 Marketable Equity Securities $40,000 Land $600,000 Common Stock $900,000 Allowance for Doubtful Accounts $12,000 What is Allen Companys current ratio?