The condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet December 31, 2024 Cash Notes receivable (due August 15, 2025) Accounts receivable (net) Inventory Property, plant, and equipment (net) Intangible assets Total assets Current liabilities Bonds payable (118) (long-term) Common stock Retained earnings Total liabilities and equity MARJORAM COMPANY Income Statement For the Year ended December 31, 2024 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before income tax Income tax expense Net Income Required: Compute the current ratio for Marjoram Company. Note: Round your answer to 2 decimal places. $ 20,000 31,000 48,800 71,200 260,000 12,800 $ 443,800 $ 104,200 110,000 72,000 157,600 $ 443,800 $734,000 432,400 $ 301,600 168,600 $ 133,000 12,100 $ 120,900 36,270 $ 84,630.