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Here is the balance sheet for September 2 8 , 2 0 1 9 : ASSETS Current assets: Cash $ 1 4 , 1 1

Here is the balance sheet for September 28,2019:
ASSETS
Current assets:
Cash $14,114
Short-term investments 11,449
Accounts receivable 17,792
Inventories 2,146
Other current assets 24,276
Total current assets 69,777
Long-term investments 132,530
Property, plant, and equipment, net 20,999
Other noncurrent assets 12,754
Total assets $236,060
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities:
Accounts payable $30,749
Accrued expenses 18,793
Unearned revenue 8,653
Short-term debt 6,424
Total current liabilities 64,619
Long-term debt 29,524
Other noncurrent liabilities 28,367
Total liabilities 122,510
Stockholders equity:
Common stock ($0.00001 par value)1
Additional paid-in capital 25,912
Retained earnings 87,637
Total stockholders equity 113,550
Total liabilities and shareholders' equity $236,060
Now Assume that the following transactions occurred during the next fiscal year (ending on September 26,2020): Borrowed $18,315 from banks due in two years.
Purchased additional investments for $25,500 cash; one-fifth were long term and the rest were short term.
Purchased property, plant, and equipment; paid $9,621 in cash and signed a short-term note for $1,458.
Issued additional shares of common stock for $1,517 in cash; total par value was $1 and the rest was in excess of par value.
Sold short-term investments costing $19,055 for $19,055 cash.
Declared $11,175 in dividends to be paid at the beginning of the next fiscal year. Now Compute current ratio on September 26,2020. And round to two decimal places

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