Suppose C Manufacturings sales increase 20% over the next year. Assuming all asset accounts change proportionately to sales, there is no change in dividend or tax rate and that new growth is financed by equity, what will the 2021 Current Ratio be?

C Manufacturing 2020 Balance Sheet Cash Inventories Accounts Receivable Net Fixed Assets Total Assets Sales COGS S, G & A EBIT Interest Earnings Before Tax Taxes Net Income (Earnings After Tax) 20,000 20,000 25,000 65,000 C Manufacturing 2020 Income Statement Dividends Retained Earnings 180,000 245,000 150,000 50,000 30,000 70,000 10,000 60,000 24,000 36,000 10,800 25,200 Accounts Payable Notes Payable Long-Term Debt Common Stock ($1 par) Retained Earnings Total Equity Total Liabilities + Owner's Equity 10,000 5,000 15,000 80,000 100,000 50,000 150,000 245,000