2017 CURRENT RATIO

Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 current ratio Enter your answer as a number with 4 decimal places of precision (e. 0.1234 or 1.234) - ensure you include a leading number before the decimal point 2017 2016 Assets Balance Sheet as of December 31 2017 2016 Liabilities and Shareholder Iquity Current Liabilities $ 2,783 $ 2,612 Accruals 3,780 3,108 Accounts payable 10.920 9,840 Notes payable $17.533 5 15,560 Total Current Liabilities Current Asset Cash and Equivalents Accounts receivable Inventory Total Current Assets $ 1795 30 2.190 1.975 1.438 1.386 3,807 $ 3441 2017 Income Statement Sales Revenue Operating costs Excluding DBA EBITDA Depreciation and Amortization Earnings before interest and taxes (EBIT) Interest Earnings before taxes (con Taxes (38) Net Income $75,680 59.920 15,760 1,237 $ 12,523 2.964 9,559 3,632 $ 5,927 $ Long-term Debt Total Liables 13,840 17.647 12.510 15,951 Long-term Assets Net Fixed Assets 41.323 29,650 Shareholder Equity Common stock Retained earnings Total Shareholder Equity 525,000 $25,000 16 209 $ 41,209$ 29,259 4259 Total Assets S53.856 $45.210 Total abilities and Shareholder Equity 5.58.856$ 45,210