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Calculate the current ratio. DO NOT enter answer as a percentage, Enter it as a proprotion rounded to the nearest hundredth.

Current ratio for 2020 & 2019?

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} LOGIC COMPANY \\ Comparative Income Statement \\ For Years Ended December 31,2019 and 2020 \end{tabular}} \\ \hline Gross sales & $20,800 & $16,350 \\ \hline Sales returns and allowances & 1,000 & 100 \\ \hline Net sales & $19,800 & $16,250 \\ \hline Cost of merchandise (goods) sold & 11,550 & 8,550 \\ \hline Gross profit & $8,250 & $7,700 \\ \hline \multicolumn{3}{|l|}{ Operating expenses: } \\ \hline Depreciation & 880 & 690 \\ \hline Selling and administrative & 3,550 & 2,900 \\ \hline Research & 730 & 590 \\ \hline Miscellaneous & 540 & 390 \\ \hline Total operating expenses & $5,700 & $4,570 \\ \hline Income before interest and taxes & $2,550 & $3,130 \\ \hline Interest expense & 740 & 590 \\ \hline Income before taxes & $1,810 & $2,540 \\ \hline Provision for taxes & 724 & 1,016 \\ \hline Net income & $1,086 & $1,524 \\ \hline \end{tabular} Calculate the current ratio. (Do NOT enter your answer as a percentage (i.e., do not move the decimal two places to the right). Enter it as a proportion rounded to the nearest hundredth.)

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