Marshall Corporation reported the following current accounts at December 31, 2019 (amounts in thousands): Cash $3,865 Receivables $6,977 $2,473 $1,235 Inventory Prepaid Expenses Accounts Payable Unearned Revenue $2,844 $2,491 Accrued Expenses Payable $1,788 During 2020, the company completed these transactions: Used inventory of $2,306 Sold services on account, $8,930 Depreciation expense, $1,130 Paid for accrued expenses, $467 . Collected from customers on account, $9,051 Adjusted for accrued expenses, $2,988 Purchased inventory of $3,908 on account Paid on account, $3,548 Used up prepaid expenses, $390 Compute the current ratio at December 31, 2020. Round your answer to 2 decimal places