Question 6 (2.5 points) Saved Chelsea Company presented the following data at the end of 2016: Cash $1,800,000 Accounts receivable 3,200,000 Merchandise inventory 2,800,000 Prepaid insurance 300,000 Property & equipment 8,000,000 Accounts payable 850,000 Unearned Revenue 900,000 Wages payable 1,700,000 Bonds payable 4,000,000 Determine the current ratio for Chelsea Company (rounded). 2.35 4.62 2.57 3.17