Question?

ABC Company reports net income of $$15,000$ during $2024.$ ABC Company's balance sheet is presented below. Based on this information, calculate the current ratio for $2024.$ The formula for the current ratio is: current assets $$ current liabilities. Round your answer to two decimal places and do not round intermediate calculations.

$\backslash$table$[[,2024,2023],[$Cash$,40,000,35,000],[$Accounts Receivable,$25,000,28,000],[$Property and Equipment,$120,000,120,000],[$Total Assets,$187,024,185,023],[$Accounts Payable,$42,500,40,000],[$Long$-$Term Debt,$50,000,50,000],[$Total Liabilities,$92,500,90,000],[$Retained Earnings,$49,524,50,023],[$Common Stock,$45,000,45,000],[$Total Stockholder's Equity,$94,524,95,023]]$

What is the current ratio for $2024?$