At December 31, 2019,MichelleWalkerCorporation reported current assets of $344,340and current liabilities of $192,700. The following items may have been recorded incorrectly.

1.Goods purchased costing $21,090were shipped f.o.b. shipping point by a supplier on December 28.Walkerreceived and recorded the invoice on December 29, 2019, but the goods were not included inWalker's physical count of inventory because they were not received until January 4, 2020.

2.Goods purchased costing $16,010were shipped f.o.b. destination by a supplier on December 26.Walkerreceived and recorded the invoice on December 31, but the goods were not included inWalker's 2019 physical count of inventory because they were not received until January 2, 2020.

3.Goods held on consignment from Claudia Kishi Company were included inWalker's December 31, 2019, physical count of inventory at $12,250.

4.Freight-in of $3,190was debited to advertising expense on December 28, 2019.

Compute the current ratio based onWalker's balance sheet:

Current Ratio ? :1