Marshall Corporation reported the following current accounts at December 31, 2019 (amounts in thousands) Cash $3,927 Receivables $6,058 $2,059 $945 Inventory Prepaid Expenses Accounts Payable Unearned Revenue Accrued Expenses Payable $3.972 $1,209 $1,794 During 2020, the company completed these transactions: Used Inventory of $2,297 Sold services on account, $8,109 Depreciation expense, $1,266 Paid for accrued expenses, $498 Collected from customers on account, $8,812 Adjusted for accrued expenses, $2,200 Purchased inventory of $3,608 on account Paid on account, $2,350 Used up prepaid expenses, $206 Compute the current ratio at December 31, 2020. Round your answer to 2 decimal places