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The Ochiba Company reported the following: Cash 1,200 Unearned revenue 600 Accounts payable 1,600 Revenue 42,800 Notes payable 12,900 Inventory 6,400 Accounts receivable 800 Equipment
The Ochiba Company reported the following: Cash 1,200 Unearned revenue 600 Accounts payable 1,600 Revenue 42,800 Notes payable 12,900 Inventory 6,400 Accounts receivable 800 Equipment 27,600 Supplies 200 Cost of goods sold 34,300 Interest expense 50 Rent expense 2,400 What is the company's current ratio? Round your final answer to two decimal places
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