I need help with "the current ratio analyze question, please.

Problem 13.1A (Algo) Preparing classlfied financlal statements. LO 13-1, 13-2, 13-3 Superlor Hardwoad Campeny d'stributes hardwood products to smell furnlture manuficturers. The adjusted trisl balsnce data glven belaw is from the firm's worksheet for the year ended December 31,201. Requlred: 1. Prepere s classlifid Income statement for the yesr ended December 31 , 20X1. The expense sccounts represent warehouse expenses, selling expenses, snd general and administrative expenses. 2. Prepere s stetement of awner's equlty for the year ended December 31, 20XL No sdditanal lnvestments were made during the 3. Prepere s closslfied bolance sheet as of December 31,201. The mortgege poysble extends for mare then a yesr. Anslyre: What ls the current rstio for this business? Analyze: What is the current ratlo for this business? Complete this question by entering your answers in the tabs below. What is the current ratio for this business? (Round your answer to 2 decimal places.)