he following balance sheet information is provided for Duke Company for Year 2:

Assets
Cash	$	5800
Accounts receivable		11,950
Inventory		14,900
Prepaid expenses		1700
Plant and equipment, net of depreciation		19,600
Land		13,500
Total assets	$	67,450
Liabilities and Stockholders' Equity
Accounts payable	$	2850
Salaries payable		8130
Bonds payable (Due in ten years)		12,500
Common stock, no par		16,000
Retained earnings		27,970
Total liabilities and stockholders' equity	$	67,450

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

		1.39
		3.13
		0.76
		1.62