A partial list shows that Charles Corporation's adjusted trial balance included the following items {allaccount balances are normal]: Accounts payable $38,000, Accounts receivable $58,500, Capital stock $100,000, Cash $52,000,Diyidends $10,000, Goodwill $47,000, Interest expense $4,000, interest payable $5,000, inventory$32,000, Note payable $21,000, Prepaid expenses $5,600, Property, plant & equipment $123,000,Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000.The note payable balance is due in nine months. How much is Charlie's current ratio? [Round youranswer to two decimal places}