Question: Crane Electronics has a quick ratio of 1.25, current liabilities of $5,381,000, and inventories of $8,612,500. What is the firms current ratio? (Round answer to

Crane Electronics has a quick ratio of 1.25, current liabilities of $5,381,000, and inventories of $8,612,500. What is the firms current ratio? (Round answer to 2 decimal places, e.g. 12.25.)

Current Ratio ___________?

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