The following is compressed information of one company's Balance Sheet. Using the given information, provide your answer as requested. Assets: Cash & Acct. Rec. (A/R) $30,000 Inventory $20,000 Prepaid Expenses $10,000 FF&E, net $100,000 Liabilities Acct. Payable $30,000 Accrued Expenses $10,000 Interest Payable (3 months) $10,000 Notes Payable $60,000 Owners' Equity ???????? Determine the current ratio. Round your answer to the first two decimals (as in 12.3). FYI, the current ratio is presented in plain numbers indicating the # of times