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For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $41,000, accounts receivable $132,000, inventories $81,000, prepaid expenses $19,000, accounts payable
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $41,000, accounts receivable $132,000, inventories $81,000, prepaid expenses $19,000, accounts payable $64,000, and accrued expenses $64,000. Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.)
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