Kirsten Company presented the following data at the end of this year: Cash $900,000 Accounts receivable 1,600,000 Merchandise inventory 1,400,000 Prepaid insurance 150,000 Property & equipment 4,000,000 Accounts payable 350,000 Unearned revenue 400,000 Wages payable 800,000 Bonds payable 2,000,000 Determine the current ratio of this year for Kirsten Company (rounded).