hannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in 2021. The weighted average number of shares issued in 2021 was 50,000 shares. Shannon Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange. Shannon Corporation reported the following data for 2021 and 2020 : 2021 2020 Cash $43,500 $44,000 Short-term Investments 31,000 16,000 Net Accounts Receivable 62,000 55,000 Merchandise Inventory 159,000 51,000 Total Assets 535,000 546,000 Accounts Payable 134,500 128,000 Salaries Payable 22,000 19,000 Long-term Note Payable 54,000 60,000 What was Shannon Corporation's current ratio for 2020?