Problem #6 (8): The following items are taken from the year-end general ledger accounts of RAVENNA, Inc. The bonds were issued by First Medici and carried a 10.0% coupon, payable annually on Mar 31. The lending indenture includes an acceleration clause triggered wen the year-end current ratio is less than 2.0. The patent was acquired in the current year and there were $150 in writeoffs in November. (CPA adapted) Bonds Payable (Principal due 6/30/2030) Accounts Payable AFDA Accrued Expenses SGA Expenses Accounts Receivable Inventory Patent 5,000 1,600 110 800 1,810 2,200 3,200 4,000 Required: Based on the amounts that RAVENNA will report, what is its current ratio