Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (Simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 13,924 11,297 17,559 2,122 24,007 68,909 130,888 20,737 12,592 $ 233, 118 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.9901 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 30,363 18,555 8,539 6, 343 63,800 29,148 28, 18 120,958 1 23, 912 88, 247 112,160 $233, 118 Assume that the following transactions (In millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,279 from banks due in two years. b. Purchased additional Investments for $22.200 cash; one-fifth were long term and the rest were short term. C. Purchased property, plant, and equipment; paid $9,584 In cash and signed a short-term note for $1,422. d. Issued additional shares of common stock for $1,481 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term Investments costing $19,021 for $19,021 cash. f. Declared $11,138 In dividends to be paid at the beginning of the next fiscal year. 5. Compute Mango's current ratio for the year ending on September 29, 2018. (Round your answer to 2 decimal places.) Current ratio