Based on the following balance sheet, calculate the current ratio (keep one digit after the decimal).

Assets
Cash at Bank	225,000
Accounts Receivable	198,000
Inventory	78,000
Prepaid Rent	15,000
Buildings	392,000
Accumulated Depreciation Buildings	-164,000
	744,000
Liabilities
Accounts Payable	227,000
Wages Payable	29,000
Dividend Declared	25,000
Bank Loan	183,000
	464,000
Equity
Capital	197,000
Retained Earnings	83,000
	280,000