Kirsten Company presented the following data at the end of 2019: Cash $1,800 Accounts Payable 750 Accounts Receivable 3,200 Equipment 8,000 Merchandise inventory 2,800 Prepaid insurance 300 Unearned revenue 800 Short-term loan 1,600 10-year Notes Payable 4,000 Determine the current ratio for Kirsten Company (rounded to two decimal places)