Question 16 (5 points) The following financial information is for Chesapeake Corporation are for the fiscal years ending 2020 & 2019 (all balances are normal): Item/Account 2020 2019 Cash 25,000 $24,000 Accounts Receivable 50,000 52,000 Inventory 51,000 48,000 Current Liabilities 63,000 42,000 Net Sales (all credit) 550,000 485,000 Cost of Goods Sold 288,000 265,000 Use this information to determine the number of current ratio as of December 31, 2020: (Round & enter your answers to one decimal place and enter the value.)