. Given the Income statement and balance sheets for Lenovo Corporation, what is the current ratio for the year 2019? * Income Statement Lenovo Corporation For the Year Ended Dec. 31, 2019 Sales Cost of Goods Sold Gross Profit Selling and G&A Expenses Fixed Expenses Depreciation Expense EBIT Interest Expense Earnings Before Taxes Taxes (40%) Net Income 2,000,000 850,000 1,150,000 130,000 100,000 10,000 910,000 40,000 870,000 348,000 522,000 Assets Cash and Equivalents Accounts Receivable Lenovo Group Ltd Balance Sheet As of Dec. 31, 2019, and 2018 Inventory Total Current Assets Plant & Equipment Accumulated Depreciation Net Fixed Assets Total Assets Liabilities and Owner's Equity Accounts Payable Short-term Notes Payable Other Current Liabilities. Total Current Liabilities Long-term Debt Total Liabilities Common Stock Retained Earnings Total Shareholder's Equity Total Liabilities and Owner's Equity 2019 355,000 250,000 570,000 2018 250,000 220,000 455,000 925,000 350,000 1,175,000 370,000 160,000 150,000 210,000 200,000 1,385,000 1,125,000 170,000 140,000 95,000 405,000 300,000 705,000 500,000 180,000 100,000 80,000 75,000 255,000 250,000 505,000 500,000 120,000 680,000 620,000 1,385,000 1,125,000