The condensed statements of Independent Auto Inc. follow: Net sales Cost of goods sold Independent Auto Inc. Income Statement ($000) For Years Ended December 31 Gross profit from sales 2020 $209,000 125,184 $ 83,816 2019 $192,200 119,450 2018 $167,000 106,178 $ 72,750 $ 60,822 Selling expenses $ 29,527 $ 26,545 $ 22,076 Administrative expenses 18,911 26,935 13,809 Total operating expenses $ 48,438 $ 53,480 $ 35,885 Profit before taxes $ 35,378 $ 19,270 $ 24,937 Income taxes Profit 6,693 6,877 5,143 $ 28,685 $ 13,193 $ 19,794 Independent Auto Inc. Balance Sheet ($800) December 31 Assets Current assets Non-strategic investments Plant and equipment, net Total assets 2020 2019 2018 $34,836 0 64,800 $27,447 530 69,000 $36,354 3,054 41,700 $99,636 $96,977 $81,108 Liabilities and Equity Current liabilities Common shares $14,590 $14,422 $14,086 58,500 58,500 43,800 Retained earnings Total liabilities and equity 26,546 $99,636 24,055 23,222 $96,977 $81,108 Required: 1. Calculate each year's current ratio. (Round the final answers to 1 decimal place.) December 31, 2020 December 31, 2019 Current ratios to 1 to 1