Question

The Blue Company has provided the following account balances: Cash $380,000 Short-term investments $40,000 Accounts receivable...

The Blue Company has provided the following account balances:

Cash $380,000

Short-term investments $40,000

Accounts receivable $60,000

Inventory $480,000

Long-term notes receivable $20,000

Equipment $960,000

Factory Building $1,800,000

Intangible assets $60,000

Accounts payable $300,000

Accrued liabilities payable $40,000

Short-term notes payable $95,000

Income taxes payable $55,000

Long-term notes payable $920,000

Stockholders’ equity $2,400,000

What is Blue's current ratio?

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