xThe balance sheet and income statement shown below are for Samson Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2020 Cash and securities $4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $42,000 Net plant and equipment $28,000 Total assets $70,000 Liabilities and Equity Accounts payable $22,509 Accruals 14,391 Notes payable 6,000 Total current liabilities $42,900 Long-term bonds $11,000 Total liabilities $53,900 Common stock $3,542

Retained earnings

12,558

Total common equity

$16,100

Total liabilities and equity

$70,000

Income Statement (Millions of $) 2020Net sales

$105,000

Operating costs except depreciation

97,650

Depreciation

2,100

Earnings before interest and taxes (EBIT)

$5,250

Less interest

1,020

Earnings before taxes (EBT)

$4,230

Taxes

1,058

Net income

$2,538

Other data: Shares outstanding (millions)

500.00

Common dividends (millions of $)

$888.30

Int rate on notes payable & L-T bonds

6%

Federal plus state income tax rate

40%

Year-end stock price

$60.91

Refer to Exhibit 4.1. What is the firm's current ratio? Do not round your intermediate calculations.