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[The following information applies to the questions displayed below.] Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 13,874 11,257 17,497 2,115 23,928 68,671 130, 428 20, 666 12,548 $ 232,313 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 30,258 18,491 8,509 6,321 63,579 29,047 27,914 120,540 1 23,612 88,160 111,773 $ 232,313 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,271 from banks due in two years. b. Purchased additional investments for $21,400 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,575 in cash and signed a short-term note for $1,415. d. Issued additional shares of common stock for $1,474 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,013 for $19,013 cash. f. Declared $11,131 in dividends to be paid at the beginning of the next fiscal year. P2-5 Part 5 5. Compute Mango's current ratio for the year ending on September 29, 2018. (Round your answer to 2 decimal places.) Current ratio