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What is the company current ratio for duke company

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The following balance sheet information is provided for Duke Company for Year 2:

Assets Cash$5,400

Accounts receivable15,500

Inventory18,000

Prepaid expenses1,600

Plant and equipment, net of depreciation20,200

Land19,950

Total assets$80,650

Liabilities and Stockholders' Equity Accounts payable$4,500

Salaries payable11,500

Bonds payable (Due in ten years)19,000

Common stock, no par30,000

Retained earnings15,650

Total liabilities and stockholders' equity$80,650

Problem 1: What is the company's current ratio?

Reference no: EM132814777

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