Question: table [ [ table [ [ LOGIC COMPANY ] , [ Comparative Income Statement ] ] ] , [ Gross sales,$ 2 0

\table[[\table[[LOGIC COMPANY],[Comparative Income Statement]]],[Gross sales,$ 20,800,$ 16,350],[Sales returns and allowances,1,000,100],[Net sales,$ 19,800,$ 16,250],[Cost of merchandise (goods) sold,11,550,8,550],[Gross profit,$ 8,250,$ 7,700],[Operating expenses:,,],[Depreciation,$ 880,$ 690],[Selling and administrative,3,550,2,900],[Research,730,590],[Miscellaneous,540,390],[Total operating expenses,$ 5,700,$ 4,570],[Income before interest and taxes,$ 2,550,$ 3,130],[Interest expense,740,590],[Income before taxes,$ 1,810,$ 2,540],[Provision for taxes,724,1,016],[Net income,$ 1,086,$ 1,524]]
\table[[\table[[LOGIC COMPANY],[Comparative Balance Sheet],[December 31,2022 and 2023]]],[,2023,2022],[Assets],[Current assets:],[Cash,$ 12,800,$ 9,900],[Accounts receivable,17,400,13,400],[Merchandise inventory,9,400,14,900],[Prepaid expenses,24,900,10,900],[Total current assets,$ 64,500,$ 49,100],[Plant and equipment:],[Building (net),$ 15,400,$ 11,700],[Land,14,400,9,900],[Total plant and equipment,$ 29,800,$ 21,600],[Total assets,$ 94,300,$ 70,700],[Liabilities],[Current liabilities:],[Accounts payable,$ 13,900,$ 7,900],[Salaries payable,7,900,5,900],[Total current liabilities,$ 21,800,$ 13,800],[Long-term liabilities:],[Mortgage note payable,22,900,21,400],[Total liabilities,$ 44,700,$ 35,200],[Stockholders' Equity],[Common stock,$ 22,000,$ 22,000],[Retained earnings,27,600,13,500],[Total stockholders' equity,$ 49,600,$ 35,500],[Total liabilities and stockholders' equity,$ 94,300,$ 70,700]]
Calculate the current ratio.
Note: Do NOT enter your answer as a percentage (i.e., do not move the decimal two places to the right). Enter it as a proportion rounded to the nearest hundredth.
\table[[,2023,2022],[Current ratio,,]]
\ table [ [ \ table [ [ LOGIC COMPANY ] , [

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