Colorado Corporation's financial statements include the following information:
Cash $ 6,100
Net Credit Sales $315,000
Accounts receivable 52,000
Cost of Goods Sold 210,000
Merchandise inventory 92,800
Net Income $ 56,000
Prepaid Expenses 12,600
Total Current Assets $163,500
Total Current Liabilities $ 65,400
Total Stockholders' Equity $200,000
The Current Ratio for Colorado Comapny is:
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