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The current asset section of Guardian Consultant’s balance sheet consists of cash, accounts receivable, and prepaid...

The current asset section of Guardian Consultant’s balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2018 balance sheet reported the following: cash, $1,440,000; prepaid expenses, $500,000; noncurrent assets, $3,800,000; and shareholders’ equity, $3,900,000. The current ratio at the end of the year was 2.0 and the debt to equity ratio was 1.4.

Required:
Determine the following 2018 amounts and ratios: (Round your "The acid-test ratio" answer to 1 decimal place.)

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