Barnett Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Barnett Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software $ 143 32 144 34 385 180 245 1 36 397 42 85 Assume that the following events occurred in the following quarter. a. Paid $45 cash for additional inventory. b. Issued additional shares of common stock for $25 in cash. c. Purchased equipment for $230; paid $110 in cash and signed a note to pay the remaining $120 in two years. d. Signed a short-term note to borrow $11 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $42. Required: 1-a. Calculate Barnett Allen's current ratio at June 30, 2019, prior to the transactions listed above. (Round your answer to 2 decimal places.) Current Ratio 1-b. Based on the above calculation and analysis of Noodlecake's current ratio 4.73, indicate which company is in a better position to pay liabilities as they come due in the next year.