The Chamberlain Corporation reported the following: Income Statement Year 3 Year 2 Year 1 Revenue 12,300...

 

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The Chamberlain Corporation reported the following: Income Statement Year 3 Year 2 Year 1 Revenue 12,300 10,800 8,900 Cost of goods sold 10,200 9,600 6,400 Selling & admin, expenses 950 800 1.200 Net Income 1.150 400 1.300 Year 3 Year 2 Year 1 Balance Sheet Assets Cash 880 620 700 Accounts receivable 300 250 280 Inventory 3,200 3,000 2,800 Property & equipment (net) 9.930 9.810 10.400 Total Assets 14.310 13.680 14.180 Liabilities Accounts payable 1,160 1,080 980 Long term liabilities 9,000 9.200 8,900 Stockholders' Equity Common stock 3,000 3,000 3,000 Retained earnings 1.150 400 1.300 Total Liabilities and Equity 14.310 13.680 14,180 What is the company's the company's current ratio for year 2? As needed, round your final answer (but not intermediate steps) to two decimal places. The Chamberlain Corporation reported the following: Income Statement Year 3 Year 2 Year 1 Revenue 12,300 10,800 8,900 Cost of goods sold 10,200 9,600 6,400 Selling & admin, expenses 950 800 1.200 Net Income 1.150 400 1.300 Year 3 Year 2 Year 1 Balance Sheet Assets Cash 880 620 700 Accounts receivable 300 250 280 Inventory 3,200 3,000 2,800 Property & equipment (net) 9.930 9.810 10.400 Total Assets 14.310 13.680 14.180 Liabilities Accounts payable 1,160 1,080 980 Long term liabilities 9,000 9.200 8,900 Stockholders' Equity Common stock 3,000 3,000 3,000 Retained earnings 1.150 400 1.300 Total Liabilities and Equity 14.310 13.680 14,180 What is the company's the company's current ratio for year 2? As needed, round your final answer (but not intermediate steps) to two decimal places.