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Pink Limited has the following figures in its annual report. Details from the Income statement (in millions) include: Sales -$1220, Cost of Goods sold -

Pink Limited has the following figures in its annual report. Details from the Income statement (in millions) include: Sales

-$1220, Cost of Goods sold - $845, EBIT - $335 and NIAT - $197,

Details from the Balance Sheet include (in millions) Receivables - $155, Inventory-$145, Cash - $135, Total Assets-

$2.229, Accounts Payable - $122, Long term debt - $777 and Stockholders Equity - $1,330.

Compute the firm's current ratio.

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