Assets

Cash

$$5,200$

Accounts receivable

$11,350$

Inventory

$14,600$

Prepaid expenses

$1,400$

Plant and equipment, net of depreciation

$19,300$

Land

$13,200$

Total assets

$$65,050$

Liabilities and Stockholders' Equity

Accounts payable

$$2,670$

Salaries payable

$8,430$

Bonds payable $($due in ten years$)$

$11,000$

Common stock, no par

$17,500$

Retained earnings

$25,450$

Total liabilities and stockholders' equity

$$65,050$

What is the company's current ratio? $($Round your answer to $2$ decimal places.$)$

$1\mathrm{.}49$

$\mathrm{.}75$

$1\mathrm{.}41$

$2\mathrm{.}93$