A partial balance sheet for Captain D's Sportswear is shown below: (dollars in thousands) Assets: Cash $69 Liabilities and Stockholder's Equity: Accounts payable $249 Accounts receivable (net) 176 Other liabilities 81 Investments 58 Total current liabilities 330 Inventory 204 Long-term liabilities 116 Prepaid rent 28 Total liabilities 446 Total current assets 535 Common stock 153 Retained earnings 196 Property & Equipment, (net) 260 Total stockholders' equity 349 Total assets $795 Total liabilities and equity $795 What is the company's current ratio? (Round your answer to two decimal places.)