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Power Corp. reported the following data for calendar 2020: Total assets.............................................. $625,000 Current assets.......................................... 325,000 Total liabilities........................................... 300,000 Long-term liabilities.................................. 145,000 Inventories, Dec 31/19............................. 110,000

Power Corp. reported the following data for calendar 2020:

Total assets.............................................. $625,000
Current assets.......................................... 325,000
Total liabilities........................................... 300,000
Long-term liabilities.................................. 145,000
Inventories, Dec 31/19............................. 110,000
Inventories, Dec 31/20............................. 100,000
Net sales.................................................. 1,550,000
Gross profit.............................................. 920,000
Net income.............................................. 205,000

To two decimals, Power Corp.s current ratio for 2020 is

2.08.

0.92.

2.10.

1.08.

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