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Keurig Green Mountain's Current Liabilities Following is the current assets and current liabilities portion of the balance sheet of Keurig Green Mountain for the years

Keurig Green Mountain's Current Liabilities

Following is the current assets and current liabilities portion of the balance sheet of Keurig Green Mountain for the years ended September 26, 2015, and September 27, 2014:

(Dollars in thousands) September 26, 2015 September 27, 2014
Current assets:
Cash and cash equivalents

$59,334

$761,214

Restricted cash and cash equivalents

30,460

378

Short-term investment

100,000

Receivables, less uncollectible accounts and return allowances of $35,459 and $66,120 at September 26, 2015 and September 27, 2014, respectively

517,936

621,451

Inventories

691,980

835,167

Income taxes receivable

51,786

Other current assets

95,526

69,272

Deferred income taxes, net

70,181

58,038

Total current assets

$1,517,203

$2,445,520

Current liabilities:
Current portion of long-term debt

$ 279

$ 19,077

Current portion of capital lease and financing obligations

3,271

2,226

Accounts payable

298,609

411,107

Accrued expenses

226,519

305,677

Income tax payable

1,085

53,586

Dividend payable

44,048

40,580

Deferred income taxes, net

264

340

Other current liabilities

28,049

10,395

Total current liabilities

$ 602,124

$ 842,988

Source: Keurig Green Mountain, Inc Form 10-K for year ended September 26, 2015.

Required:

1. Determine the company's current ratio for each fiscal year. Round your answers to two decimal places.

Current Ratio
2014 : 1
2015 : 1

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