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The Hudson Corporation reported the following data: Year 3 Year 2 $18,000 $16,000 Year 1 Equipment $14,000 Accounts payable 2,300 1,000 Cash 8,900 8,200

The Hudson Corporation reported the following data: Year 3 Year 2 $18,000 $16,000 Year 1 Equipment $14,000 Accounts payable 2,300 1,000 Cash 8,900 8,200 Supplies 1,200 1,700 Accounts receivable 600 200 Notes payable 10,300 12,100 14,700 Inventory 2,000 2,200 2,400 What is the company's current ratio for Year 2? Round your final answer to two decimal places. 800 9,300 1,400 400

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