Samuel's Companies, operating educational tutoring centers, reported the following summarized figures: Samuel's Companies Income Statement Years Ended May 31, 2020 and 2019 2020 2019 Net Sales $57,230,000 $41,130,000 Cost of Goods Sold 27,810,000 29,300,000 Interest Expense 696,000 638,000 All Other Expenses 6,960,000 8,490,000 Net Income $21,764,000 $2,702,000 Samuel's Companies Balance Sheet May 31, 2020 Assets Cash 8,530,000 Short-term Invest. 26,160,000 Accounts Receivable 5,980,000 Merchandise Inventory 2,280,000 Other Current Assets 9,120,000 Total Current Assets 52,070,000 All Other Assets Total Assets 31,880,000 83,950,000 Liabilities Total Current Liab. 23,930,000 Long-term Liab. 13,560,000 Total Liabilities 37,490,000 Stockholders' Equity on Stock 13.180.000 Retained Earnings 33,280,000 Total Equity 46,460,000 Total Liab. + Equity 83,950,000 Samuel's Companies Balance Sheet May 31, 2019 Assets Cash 6,780,000 Short-term Invest. 9,990,000 Accounts Receivable 5,470,000 Merchandise Inventory 3,330,000 Other Current Assets 1,640,000 Total Current Assets 27,210,000 All Other Assets Total Assets 28,160,000 55,370,000 Liabilities Total Current Liab. 12,880,000 Long-term Liab. 10,790,000 Total Liabilities 23,670,000 Stockholders' Equity Common Stock 13,070,000 Retained Earnings 18,630,000 Total Equity 31,700,000 Total Liab. + Equity 55,370,000 Samuel's has 1,000,000 common shares outstanding during 2020. Compute Samuel's Companies' current ratio at May 31, 2020 and 2019. (Total current assets) / ( Total Current Liabilities) 2020: ( $ 2019: ( $ / ($ ) / ( $ = Current ratio = = (