Question 20 (5 points) Miami Company's accounting records for years ended December 31, 2019 and 2020, contained the following information: 2019 2020 Cash 6,000 12,000 Accounts receivable, net 50,000 60,000 Short term investments 12,000 17,000 Inventory 40,000 48,000 Machinery & equip., net 110,000 125,000 Land 75,000 75,000 Accounts payable 57,000 51,000 Salaries payable 8,000 19,000 Bonds payable, due in 2024 105,000 105,000 Net sales 405,000 429,000 Cost of goods sold 301,000 325,000 Net income 32,500 30,000 Total assets 520,000 532,000 Total shareholders' equity 262,000 282,000 Assuming that the industry average for the current ratio is 1.80, calculate Miami's current ratio for 2020 (use two decimal places), and comment on how Miami's result differs from its industry.