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Calculate the Current Ratio according to the following Balance Sheet (provide your answer with two significant digits): Assets Current Assets Cash & Securities $1,132,308 Accounts

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Calculate the Current Ratio according to the following Balance Sheet (provide your answer with two significant digits): Assets Current Assets Cash & Securities $1,132,308 Accounts Receivables $2,461,742 Retainage $654,888 Inventory $49,714 Earnings in Excess of Billings $150.905 Prepaid Expense $49.724 Other Current Assets $91,547 Fixed Assets Property $1,379,510 Construction Equipment $1,892,383 Vehicles $270,363 Office Equipment $42,095 Accumulated Depreciation $-1,639,865 Other Fixed Assets $76,692 Liabilities Current Liabilities Notes Payables $133,476 Accounts Payables $1,195,009 Retainage (Subcontracts) $194,254 Billings in Excess of Earnings $547,603 Income Taxes Payables $43,933 Other Current Liabilities $38,287 Fixed Liabilities Mortgages $334,071 Equipment and Vehicle Financing $528,633 Other Fixed Liabilities $114,879 Owners Equity

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