Balance sheet data for Meteor Energy as of 12/31/31 is as follows for Lease AB:

Leasehold costs	$800,000
Less: Accumulated DD&A	($290,000)
Net leasehold costs	$510,000
Wells and related E&F—IDC	$3,800,000
Less: Accumulated DD&A—IDC	($1,650,000)
Net wells and related E&F—IDC	$2,150,000
Wells and related E&F—L&WE	$2,100,000
Less: Accumulated DD&A—L&WE	($320,000)
Net wells and related E&F—L&WE	$1,780,000

Meteor’s activities during 2032 related to Lease AB were as follows:

Exploratory dry hole drilled	$950,000
Development dry hole drilled	$1,040,000
Tanks, separators, etc., installed	$390,000
Production	380,000 bbl
Proved reserves, 12/31/32	3,800,000 bbl
Proved developed reserves, 12/31/32	3,500,000 bbl

Requirement:
 Calculate the Current Ratio for 2032.