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Laurel Electronics has a quick ratio of 1.40, current liabilities of $4,055,163, and inventories of $8,586,000. What is the firms current ratio? (Round answer to

Laurel Electronics has a quick ratio of 1.40, current liabilities of $4,055,163, and inventories of $8,586,000. What is the firms current ratio? (Round answer to 2 decimal places, e.g. 12.25.)

The firms current ratio is

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