5. Snowball &Company has the following balance sheet: Current assets $ 6,000 A/P & Accruals 1,000 Fixed assets 4,000 S-T (3-month) Loans 2,500 1,500 Ret. Earnings5,000 Common Stock Total assets $10,000 TL and Equity $10,000 Snowball's (after-tax) profit margin is 11 percent, and the company pays out 40 percent of its earnings as di Its sales last year were $10,000; its assets were used to full capacity; no economies of scale exist in the use of assets; and the profit margin and payout ratio are expected to remain constant. The company uses the AFN equation to estimate funds requirements, and it plans to raise any required external capital as short-term bank loans (S-T). If sales grow by 60 percent, what will Snowball's current ratio be after it has raised the necessary expansion funds? (Note: Ignore any financing feedback effects.)