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Hazel Company presented the following data at the end of 2016: Current assets $ 650,000 Current liabilities 400,000 Long-term debt 2,200,000 Preferred stock 320,000 Common

Hazel Company presented the following data at the end of 2016:

Current assets $ 650,000

Current liabilities 400,000

Long-term debt 2,200,000

Preferred stock 320,000

Common stock 1,420,000

Retained earnings 1,080,000

Determine the current ratio for Hazel Company (rounded).

0.50

0.75

1.625

0.62

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