A partial list shows that Charles Corporation's adjusted trial balance included the following items (all account balances are normal):

Accounts payable $42,500,Accounts receivable $46,500, Capital stock $100,000, Cash $44,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $3,200, Inventory $32,000, Note payable $27,000, Prepaid expenses $4,800, 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 innine months.How much is Charlie's current ratio? (Round your answer to two decimal places.)