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Williams Manufacturing opened on January 1, 2020. The trial balance at the end of its first year wa Williams Manufacturing December 31, 2020 Debit Credit

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Williams Manufacturing opened on January 1, 2020. The trial balance at the end of its first year wa Williams Manufacturing December 31, 2020 Debit Credit Cash 26,000 75,000 86,000 4,000 Accounts receivable Inventory Prepaid expenses Note receivable, due in 2021 Property, Plant, and Equipment Accumulated depreciation 15,000 310,000 62,000 Goodwill 85,000 98,000 8,000 16,000 Accounts payable Interest payable Payroll taxes payable Notes payable, due in 2023 Common stock Retained earnings 200,000 162,000 55,000 What was the current ratio at 12/31/20? Enter as a decimal number rounded to one decimal place. (For example, 3.4)

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