The following balance sheet information is provided for Duke Company for Year 2: Assets Cash $6,200 Accounts receivable 12,350 Inventory 15,100 Prepaid expenses 1,900 Plant and equipment, net of depreciation 19,800 Land 13,700 Total assets $69,050 Liabilities and Stockholders' Equity Accounts payable $2,970 Salaries payable 7,930 Bonds payable (due in ten years) 13,500 Common stock, no par 15,000 Retained earnings 29,650 $69,050 Total liabilities and stockholders' equity What is the company's current ratio? (Round your answer to 2 decimal places.) Multiple Choice 1.38 1.70 0.76 3.26