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The Abernathy Corporation reported the following: Supplies $80 Notes payable $8,400 Cash 960 Prepaid expenses 290 Equipment 8,940 Accounts receivable 310 Unearned revenue 730 Accounts payable 970 Inventory 1,820

The Abernathy Corporation reported the following:

Supplies $80 Notes payable $8,400 Cash 960 Prepaid expenses 290 Equipment 8,940 Accounts receivable 310 Unearned revenue 730 Accounts payable 970 Inventory 1,820

What is the company’s current ratio? Round your final answer to two decimal places.

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