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The Watkins Company reported the following: Accounts payable $1,350 Accounts receivable $710 Inventory 1,200 Prepaid expenses 380 Notes payable 4,400 Equipment 4,900 Unearned revenue 920
The Watkins Company reported the following:
Accounts payable $1,350
Accounts receivable $710
Inventory 1,200
Prepaid expenses 380
Notes payable 4,400
Equipment 4,900
Unearned revenue
920 Supplies 230
Cash 860
What is the company's current ratio?
Round your final answer to two decimal places.
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