Question: Laurel Electronics has a quick ratio of 1.41, current liabilities of $4,462,163, and inventories of $7,863,700. What is the firms current ratio? (Round answer to

Laurel Electronics has a quick ratio of 1.41, current liabilities of $4,462,163, and inventories of $7,863,700. What is the firm’s current ratio? (Round answer to 2 decimal places, e.g. 12.25.)

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