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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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