Question - In 2000, Genentech reported a current ratio of 3.96 and in 2001 it was 3.39. In examining their balance sheet for 2001, they disclosed current assets of $2,209 million and current liabilities of $652 million. In 2000, they had no short-term borrowings but they disclosed $150 million in new short term borrowing for 2001. What would Genentech's current ratio have been in 2001 if they had not borrowed those funds?