1. Use the following Income Statement and Balance Sheet Information for 2018 to answer the question below. This is a Retail Company. All numbers are in Millions.

   Income Statement
   Total Sales	208.4
   Cost of Sales	158.1
   Gross Profit	208.4-158.1
   Selling and Administrative Expenses	19.6
   Research and Development	5.7
   Depreciation and Amortization	3.7
   Other Income	3.1
   EBIT, Operating Profit	208.4-158.1-19.6-5.7-3.7+3.1
   Interest Expense	5.2
   Pretax Income	208.4-158.1-19.6-5.7-3.7+3.1-5.2
   Taxes	( 208.4-158.1-19.6-5.7-3.7+3.1-5.2 )*0.30
   Net Income	( 208.4-158.1-19.6-5.7-3.7+3.1-5.2 )*0.70
   Balance Sheet
   Assets		Liabilities
   Cash	75.3	Accounts Payable	48.8
   Accounts Receivable	45.7	Notes Payable/Short term debt	1.6
   Inventories	4.8
   Total Current Assets	75.3+45.7+4.8	Total Current Liabilities	48.8+1.6
   Net property, plant and equipment	100.3	Long-term debt	83.7
   Total long-term assets	100.3	Total long-term debt liabilities	83.7
   		Total Liabilities	48.8+1.6+83.7
   		Stockholders' Equity (Total Equity)	75.3+ 45.7+4.8+100.3-48.8-1.6-83.7
   Total Assets	75.3+45.7+4.8+100.3	Total Liabilities and Stockholders' Equity	48.8+1.6+83.7+ 75.3+ 45.7+4.8+100.3-48.8-1.6-83.7

   What was the company's Current Ratio in 2018?

   NOTE: (Use the numbers as is). Use four decimals for your answers