The following balance sheet information is provided for Duke Company for Year 2: Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $ 5,600 11,750 14,800 1,600 19,500 13,400 $66,650 $ 2,790 8,230 12,000 16,500 27,130 $66,650 What is the company's current ratio? (Round your answer to 2 decimal places.)