A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands)

Assets: Liabilities: Cash$69 Accounts payable$242 Accounts receivable (net) 177 Other liabilities 87 Investments 57 Total current liabilities 329 Inventory 202 Long-term liabilities 111 Prepaid rent 26 Total liabilities 440 Total current assets 531 Stockholders' equity: Property & Equipment, (net) 261 Common stock 156 Retained earnings 196 Total stockholders equity 352 Total assets$792 Total liabilities and equity$792

The current ratio is: (Round your answer to 2 decimal places.)