Current Year	Preceding Year
Balance Sheet:
Cash	$18,000	$29,000
Short-term Investments	11,000	25,000
Net Accounts Receivables	54,000	94,000
Merchandise Inventory	84,000	82,000
Prepaid Expenses	20,000	6,000
Total Current Assets	187,000	236,000
Total Current Liabilities	139,000	83,000
Income Statement:
Net Credit Sales	$462,000
Cost of Goods Sold	320,000

The financial statements of

Vanna'sVanna's

Natural Foods include the following items:

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Compute the following ratios for the current year:

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a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.)

Current ratio

=

Total current assets / Total current liabilities

=