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Martins Hardware has cash of $42,100 in the bank and on hand, net accounts receivable from customers of $29,200, and prepaid expenses of $12,000. It

Martins Hardware has cash of $42,100 in the bank and on hand, net accounts receivable from customers of $29,200, and prepaid expenses of $12,000. It also has $89,000 in current liabilities and $80,000 in long-term liabilities. What is the current ratio for Martins Hardware?

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