At the beginning of the year, Butters Company's balance sheet showed current assets of $35,000 and current liabilities of $23,000. During the current year, Butters issued common stock for $4900 for cash and purchased $2800 of inventory on account. After these transactions were recorded, Butter's current ratio was: (Round your final answer to two decimal places.)

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The Answer of At the beginning of the year, Butters Company's balance sheet showed current assets of $35,000 and current liabilities of $23,000. During the current year, Butters issued common stock for $4900 for cash and purchased $2800 of inventory on account. After these transactions were recorded, Butter's current ratio was: (Round your final answer to two decimal places.)

At the Beginning of the Year, Butters Company's Balance Sheet