Ethan Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Ethan Allens June 30, 2019, trial balance. (The amounts shown represent millions of dollars.)

Accounts Payable $ 93

Accounts Receivable 14

Cash 21

Common Stock 363

Equipment 245

Inventory 162

Notes Payable (long-term) 23

Notes Payable (short-term) 9

Prepaid Rent 19

Retained Earnings 1

Salaries and Wages Payable 21

Software 49

Assume that the following events occurred in the following quarter.

Paid $10 cash for additional inventory.

Issued additional shares of common stock for $20 in cash.

Purchased equipment for $170; paid $15 in cash and signed a note to pay the remaining $155 in two years.

Signed a short-term note to borrow $10 cash.

Conducted negotiations to purchase a sawmill, which is expected to cost $36.

Required: 1-a. Calculate Ethan Allens current ratio at June 30, 2019, prior to the transactions listed above. (Round your answer to 2 decimal places.)