Shake Shack Incorporated, which began as a hot dog stand in $2001,$ now has more than $270$ locations worldwide. The following is adapted from Shake Shack$$s financial statements for the quarter ended June $29,2022.$ Dollars are reported in millions.

Accounts Payable $ $95$

Accounts Receivable $12$

Cash $278$

Common Stock $410$

Equipment $411$

Intangible Assets $681$

Inventory $4$

Notes Payable $($long$-$term$)919$

Notes Payable $($short$-$term$)39$

Prepaid Rent $14$

Retained Earnings $17$

Short$-$Term Investments $80$

Assume that the following events occurred in the following quarter, which ended September $28,2022.$

Paid $$10$ cash for additional intangible assets.

Issued additional shares of common stock for $$50$ in cash.

Purchased equipment; paid $$30$ in cash and signed additional long$-$term loan for $$70.$

Paid $$9$ cash for accounts payable owed at June $29.$

Conducted negotiations to purchase a farm, which is expected to cost $$15.$

Required:

$1.$ Calculate Shake Shack$$s current ratio at June $29,2022,$ prior to the transactions listed above.

Note: Round your answer to $2$ decimal places.