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Cassiopeia Company has provided the following account balances: Cash $76,000 Short-term investments $8,000 Accounts receivable $96,000 Supplies $12,000 Long-term notes receivable $4,000 Factory Building $360,000
Cassiopeia Company has provided the following account balances:
| Cash | $76,000 |
| Short-term investments | $8,000 |
| Accounts receivable | $96,000 |
| Supplies | $12,000 |
| Long-term notes receivable | $4,000 |
| Factory Building | $360,000 |
| Equipment | $192,000 |
| Intangible assets | $12,000 |
| Accounts payable | $90,000 |
| Accrued liabilities payable | $12,000 |
| Short-term notes payable | $42,000 |
| Long-term notes payable | $184,000 |
What is Cassiopeia's current ratio? Round to 2 decimal points
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