At the beginning of the year, Butters Company's balance sheet showed current assets of $36,000 and current liabilities of $19,000. During the current year, Butters issued common stock for $5000 for cash and purchased $3400 of inventory on account. After these transactions were recorded, Butter's current ratio was: (Round your final answer to two decimal places.)

1.98

1.38

1.83

1.89