Based on the most recent year of data, calculate the company's current ratio (include the work for the calculation). Provide an analysis of what this current ratio means for the business?

Consolidated Balance Sheets December 31, 2019 2018 $ 959 $ 474 369 413 231 211 81 78 146 212 1,786 1,388 10,332 433 9,525 293 10,765 (in millions, except per share data) ASSETS CURRENT ASSETS Cash and cash equivalents Investment securities Receivables, less allowance (2019 - $1:2018-$1) Inventories, less allowance (2019 - $22: 2018-$18) Prepaid expenses and other Total current assets PROPERTY AND EQUIPMENT Flight equipment Predelivery deposits for flight equipment Total flight equipment and predelivery deposits, gross Less accumulated depreciation Total flight equipment and predelivery deposits, net Other property and equipment Less accumulated depreciation Total other property and equipment, net Total property and equipment, net OPERATING LEASE ASSETS OTHER ASSETS Investment securities Restricted cash Other Total other assets TOTAL ASSETS 9,818 2,448 2,768 7,997 1,145 528 7,370 1,074 461 617 613 8.614 7,983 912 1,056 3 CN 59 59 544 470 806 $ 532 10,959 11,918 $ Consolidated Balance Sheets December 31, 2019 2018 $ 401 $ 437 1,119 376 1,035 313 295 128 298 133 344 309 2,663 1,990 690 2,525 1,361 798 (in millions, except per share data) LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable Air traffic liability Accrued salaries, wages and benefits Other accrued liabilities Current operating lease liabilities Current maturities of long-term debt and finance lease obligations Total current liabilities LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS LONG-TERM OPERATING LEASE LIABILITIES DEFERRED TAXES AND OTHER LIABILITIES Deferred income taxes Air traffic liability - loyalty non-current Other Total deferred taxes and other liabilities COMMITMENTS AND CONTINGENCIES (NOTES 11& 12) STOCKHOLDERS' EQUITY Preferred stock, $0.01 par value: 25 shares authorized, none issued Common stock. $0.01 par value: 900 shares authorized, 427 and 422 shares issued and 282 and 306 shares outstanding at 2019 and 2018, respectively Treasury stock, at cost; 145 and 116 shares at 2019 and 2018, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,251 481 44 1,112 447 31 1,776 1,590 4 4 (1,782) 2,253 (1,272) 2,203 3,753 (3) 4,322 2 4,799 11,918 4,685 10,959 $ $