1) What is the company's gross profit rate?

2) What is the company's current ratio? Round your final answer to two decimal places.

The Walker Company reported the following: Cash 1,200 600 Unearned revenue Revenue 1,600 Accounts payable Notes payable 12,900 42,800 6,400 27,600 Accounts receivable Inventory Equipment Cost of goods sold 800 Supplies 200 34,300 Interest expense 50 Rent expense 2,400