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The following balance sheet information is provided for Duke Company for Year 2: Assets Cash $...

The following balance sheet information is provided for Duke Company for Year 2: Assets Cash $ 5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets $ 80,650 Liabilities and Stockholders' Equity Accounts payable $ 4,500 Salaries payable 11,500 Bonds payable (Due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity $ 80,650 What is the company's current ratio?

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