The following balance sheet information is provided for Duke Company for Year 2: Assets Cash $7,200 Accounts receivable 13,350 Inventory 15,600 Prepaid expenses 2,400 Plant and equipment, net of depreciation 20,300 Land 14,200 Total assets $73,050 Liabilities and Stockholders' Equity Accounts payable $3,270 Salaries payable 7,430 Bonds payable (due in ten years) 16,000 Common stock, no par 12,500 Retained earnings 33,850 $73,050 Total liabilities and stockholders' equity What is the company's current ratio? (Round your answer to 2 decimal places.) Multiple Choice O 1.35 0.77 1.92 3.60