Assume that for the 2017 fiscal year, AstroCo reported sales revenue of $3.2 billion and cost...

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Assume that for the 2017 fiscal year, AstroCo reported sales revenue of $3.2 billion and cost of goods sold of $1.8 billion. Fiscal Year 2017 2016 Balance Sheet (in millions) Cash $ 94 $ 64 Accounts Receivable, less allowance of $15 and $15 490 422 Inventories Prepaid Expenses Other Current Assets Accounts Payable Wages Payable Income Tax Payable Other Current Liabilities 264 238 10 15 422 369 110 71 50 84 8 72 234 217 Assuming that all sales are on credit. Required: 1. Compute the current ratio for 2017. (Round your answer to 2 decimal places.) Current ratio Assume that for the 2017 fiscal year, AstroCo reported sales revenue of $3.2 billion and cost of goods sold of $1.8 billion. Fiscal Year 2017 2016 Balance Sheet (in millions) Cash $ 94 $ 64 Accounts Receivable, less allowance of $15 and $15 490 422 Inventories Prepaid Expenses Other Current Assets Accounts Payable Wages Payable Income Tax Payable Other Current Liabilities 264 238 10 15 422 369 110 71 50 84 8 72 234 217 Assuming that all sales are on credit. Required: 1. Compute the current ratio for 2017. (Round your answer to 2 decimal places.) Current ratio