Given the following financial information for Capri and Omega companies, calculate the current ratio for 2019 and compare and contrast the 2 companies. Account Gross Sales Returns Cost of Sales Depreciation expense Amortization expense Capri Omega Yr Ended Yr Ended Yr Ended Yr Ended 12/31/19 12/31/18 12/31/19 12/31/18 393,204 386,131 157,608 160,849 14,626 13,137 1,869 2,999 280,582 272,124 99,293 102,943 548 532 3,486 3,018 125 125 86,136 73,833 26,230 27,690 5,259 5,363 1,125 1,098 5,927 21,018 25,605 23,101 46,797 56,443 14,389 18,940 SG&A expense Interest expense EBIT 57,875 56,259 12,111 22,851 1.978 2,453 1,550 60,666 86,181 32,817 85,633 12,762 23,576 2,206 13,855 34,698 13,080 12,532 8,654 7,529 Cash Accounts Receivable, Gross Allowance for Bad Debt Inventories PPE, gross Accumulated Depreciation Goodwill Current Liabilities ST Debt LT Debt Total Liabilities Stockholder's Equity Cash Flow from Operations 7,432 86,388 6,504 8,403 361 7,557 37,957 124 18,853 56,934 167,265 25,732 10,230 8,430 14,934 112,481 131,839 18,633 61.976 36,797 123,662 29.509 71,890 62,130 Given the following financial information for Capri and Omega companies, calculate the current ratio for 2019 and compare and contrast the 2 companies. Account Gross Sales Returns Cost of Sales Depreciation expense Amortization expense Capri Omega Yr Ended Yr Ended Yr Ended Yr Ended 12/31/19 12/31/18 12/31/19 12/31/18 393,204 386,131 157,608 160,849 14,626 13,137 1,869 2,999 280,582 272,124 99,293 102,943 548 532 3,486 3,018 125 125 86,136 73,833 26,230 27,690 5,259 5,363 1,125 1,098 5,927 21,018 25,605 23,101 46,797 56,443 14,389 18,940 SG&A expense Interest expense EBIT 57,875 56,259 12,111 22,851 1.978 2,453 1,550 60,666 86,181 32,817 85,633 12,762 23,576 2,206 13,855 34,698 13,080 12,532 8,654 7,529 Cash Accounts Receivable, Gross Allowance for Bad Debt Inventories PPE, gross Accumulated Depreciation Goodwill Current Liabilities ST Debt LT Debt Total Liabilities Stockholder's Equity Cash Flow from Operations 7,432 86,388 6,504 8,403 361 7,557 37,957 124 18,853 56,934 167,265 25,732 10,230 8,430 14,934 112,481 131,839 18,633 61.976 36,797 123,662 29.509 71,890 62,130