Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning inventory Ending inventory LIFO reserve Current assets Current liabilities Cost of goods sold Sales revenue $13,620 14,600 1,378 64,766 68,900 170,731 179,603

Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, e.g. 5.12.) Current ratio based on inventory using LIFO