Calculator The following information pertains to Tanzi Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets $35,701 Cash and short-term investments 33,304 Accounts receivable (net) 33,941 Inventory 245,794 Property, plant and equipment $348,740 Total Assets Liabilbes and Stockholders' Equity $64,662 Current labilities Long-termm labilities 89,146 Stockholders equity-common 194,932 Total Liabilities and stockholders' equity $348,740 Income Statement $99,752 Sales 44,888 Cost of goods sold $54,864 Gross margin 28,996 Operating expenses $25,868 Net income 5.742 Number of shares of common stock $35 Market price of common stock What le the rrent ratio for this comnany? Rnind wour answer to twn decimal nlaces Total Assets $348,740 Liabilities and Stockholders' Equity Current iabilities $64,662 Long-term liabilities 89,146 Stockholders' equity-common 194,932 Total Liabilities and stockholders' equity $348,740 Income Statement Sales $99,752 Cost of goods sold 44,888 Gross margin $54,864 Operating expenses 28,996 Net income $25,868 Number of shares of common stock 5,742 Market price of common stock $35 What is the current ratio for this company? Round your answer to two decimal places. Select the correct answer. Oo.55 O1.07 O2.22 O1.59