Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.

Assets
Cash and short-term investments		$39,429
Accounts receivable (net)		26,134
Inventory		31,908
Property, plant, and equipment		281,419
Total assets		$378,890
Liabilities and Stockholders Equity
Current liabilities			$65,408
Long-term liabilities			96,014
Common stock, $10 par			67,240
Retained earnings			150,228
Total liabilities and stockholders equity			$378,890
Income Statement
Sales		$80,008
Cost of goods sold		36,004
Gross margin		$44,004
Operating expenses		24,542
Net income		$19,462

Number of shares of common stock	6,724
Market price of common stock	$27

What is the current ratio? Round your answer to two decimal places.

a.2.22

b.0.60

c.1.00

d.1.49