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A financial analyst has obtained the following data from Kryton Industries’ financial statements:

Cash $200,000
Marketable securities $100,000
Accounts receivable, net $300,000
Inventories, net $480,000
Prepaid expenses $120,000
Total current assets $1,200,000

Accounts payable $250,000
Income taxes $50,000
Accrued liabilities $100,000
Current portion of long-term debt $200,000
Total current liabilities $600,000
In order to determine Kryton’s ability to pay current obligations the financial analyst would calculate Kryton’s cash ratio as