2007 2008 $ 2,820 S 2.570 $ Balance Sheet (S in Millions) 2007 2008 Current Assets Current Liabilities Cash S 310 S 405 Accounts receivable 2,640 3,055 Long-term debt Inventory 3,275 3,850 Owners' Equity Total S 6.225 S 7.310 Common stock Fixed assets $10.960 $10,670 Retained earnings Total Total assets $17.185 $17.980 Total liabilities and equity $ 7,875 S 8,100 $ 5,000 S 5,250 1.490 2,060 $ 6,420 S 7,310 $ 17.185 $17.980 Income Statement (S in Millions) Sales $ 9.610 Cost of Goods Sold 6,310 Depreciation 1.370 EBIT 1.930 Interest 630 Taxable income 1,300 Taxes 455 Net Income S 845 Question: What is the CURRENT RATIO? None of the above 6.0 2.84 2.21 1.35