QUESTION 9 Use the following Income Statement and Balance Sheet Information for 2018 to answer the question below. This is a Retail Company. All numbers are in Millions. Income Statement Total Sales 208.4 Cost of Sales 158.1 Gross Profit 208.4-158.1 Selling and Administrative Expenses 19.6 Research and Development 5.7 Depreciation and Amortization 3.7 Other Income 3.1 EBIT, Operating Profit 208.4-158.1-19.6-5.7-3.7+3.1 Interest Expense 5.2 Pretax Income 208.4-158.1-19.6-5.7-3.7+3.1-5.2 Taxes ( 208.4-158.1-19.6-5.7-3.7+3.1-5.2 )*0.30 Net Income ( 208.4-158.1-19.6-5.7-3.7+3.1-5.2 )*0.70 Balance Sheet Assets Liabilities Cash 75.3 Accounts Payable 48.8 Accounts Receivable 45.7 Notes Payable/Short term debt 1.6 Inventories 4.8 Total Current Assets 75.3+45.7+4.8 Total Current Liabilities 48.8+1.6 Net property, plant and equipment 100.3 Long-term debt 83.7 Total long-term assets 100.3 Total long-term debt liabilities 83.7 Total Liabilities 48.8+1.6+83.7 Stockholders' Equity (Total Equity) 75.3+ 45.7+4.8+100.3-48.8-1.6-83.7 Total Assets 75.3+45.7+4.8+100.3 Total Liabilities and Stockholders' Equity 48.8+1.6+83.7+ 75.3+ 45.7+4.8+100.3-48.8-1.6-83.7 What was the company's Current Ratio in 2018? NOTE: (Use the numbers as is). Use four decimals for your answers.