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 $7,600 13,750 15,800 2,600 20,500 14,400 $74,650 $3,390 7,230 17,000 11,500 35,530 $74,650 What is the company's current ratio? (Round your answer to 2 decimal places.) Multiple Choice 1.35