Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in 2021. The weighted average number of shares issued in 2021 was 50,000 shares. Shannon Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange. Shannon Corporation reported the following data for 2021 and 2020 :

	2021	2020
Cash	$47,500	$45,000
Short-term Investments	28,000	13,000
Net Accounts Receivable	57,000	53,000
Merchandise Inventory	157,000	49,000
Total Assets	527,000	549,000
Accounts Payable	133,500	122,000
Salaries Payable	15,000	16,000
Long-term Note Payable	56,000	58,000

What was Shannon Corporation's current ratio for 2020?

1.