The balance sheet and income statement for Joe's Fish Hut are presented below: \begin{tabular}{|l|r|r|} \hline Notes Payable - Noncurrent Portion & $89,000 & $57,000 \\ \hline TOTAL LIABILITIES & $124,800 & $98,800 \\ \hline Stockholders' Equity & & \\ \hline Common stock & $78,000 & $56,700 \\ \hline Retained earnings & $127,609 & $112,100 \\ \hline TOTAL STOCKHOLDERS' EQUITY & $205,609 & $168,800 \\ \hline TOTAL LIABILITIES AND EQUITY & $330,409 & $267,600 \\ \hline \end{tabular} Joe's Fish Hut Income Statement \begin{tabular}{|l|r|} \hline For the Year Ended January & 31,2018 \\ \hline Sales & $126,000 \\ \hline COGS & $80,400 \\ \hline Gross Profit & $45,600 \\ \hline Operating Expepses & \\ \hline Insurance Expense & $830 \\ \hline Rent Expense & $5,270 \\ \hline Salaries Expense & $5,370 \\ \hline Telephone Expense & $800 \\ \hline Interest Expense & $1,570 \\ \hline Depreciation Expense & $7,900 \\ \hline Total Operating Expenses & $21,740 \\ \hline Operating Profit Before Tax & $23,860 \\ \hline Income Tax Expense & $8,351 \\ \hline Net Profit (Loss) & $15,509 \\ \hline \end{tabular} Complete the following ratio analysis. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the current ratio for 2018. Current Ratio