I need help calculating the Current Ratio given the information below (numbers are in millions). Please provide an explanation so I understand specifically what the answer means.

Current Assets		Current Liabilities
Cash	57.40	Accounts Payable	20.40
Accounts Receivable	28.02	Short-Term Notes	4.20
Inventory	187.13	Other Current Liabilities	6.40
Other Current Assets	56.52	Total Current Liabilities	31.0
Total Current Assets	329.07	Long-term debt	3.20
Net Fixed Assets	275.20	Other long-term liabilities	5.50
Other Assets	88.80	Total Liabilities	39.70

TOTAL ASSETS $693.07