1.Look at the following balance sheet. What is this firm's current ratio?

BALANCE SHEET - USD ($) $ in Millions

Feb. 01, 2020

Feb. 02, 2019

Current assets

Cash and temporary cash investments

$1,578.00

$1,610.00

Receivables

$1,706.00

$1,589.00

Inventory

$8,464.00

$8,123.00

Prepaid and other current assets

$522.00

$758.00

Total current assets

$10,890.00

$10,803.00

Assets

Property, plant and equipment, net

$21,871.00

$21,635.00

Operating lease assets

$6,814.00

$-

Intangibles, net

$1,066.00

$1,258.00

Goodwill

$3,076.00

$3,087.00

Other assets

$1,539.00

$1,335.00

Total Assets

$45,256.00

$38,118.00

Current liabilities

Current portion of L-T debt incl finance leases

$2,562.00

$3,157.00

Trade accounts payable

$6,349.00

$6,059.00

Accrued salaries and wages

$1,168.00

$1,227.00

Other current liabilities

$4,164.00

$3,831.00

Total current liabilities

$14,243.00

$14,274.00

Liabilities

Long-term debt incl under finance leases

$12,111.00

$12,072.00

Noncurrent operating lease liabilities

$6,505.00

$-

Deferred income taxes

$1,466.00

$1,562.00

Pension obligations

$608.00

$494.00

Other long-term liabilities

$1,750.00

$1,881.00

Total Liabilities

$36,683.00

$30,283.00

SHAREHOLDERS' EQUITY

Common shares, 1,918 issued

$1,918.00

$1,918.00

Additional paid-in capital

$3,337.00

$3,245.00

Accumulated other comprehensive loss

$(640.00)

$(346.00)

Accumulated earnings

$20,978.00

$19,681.00

Common shares in treasury, at cost

$(16,991.00)

$(16,612.00)

Total Shareholders' Equity

$8,602.00

$7,886.00

Noncontrolling interests

$(29.00)

$(51.00)

Total Equity

$8,573.00

$7,835.00

Total Liabilities and Equity

$45,256.00

$38,118.00