The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars).
2018 2017 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 48 $ 39 Accrued wages and taxes $ 39 $ 38 Accounts receivable 150 135 Accounts payable 94 83 Inventory 213 194 Notes payable 69 61 Total $ 411 $ 368 Total $ 202 $ 182
Calculate Ramakrishnan, Inc.’s current ratio for 2018 and 2017. (Round your answers to 2 decimal places.)