The balance sheet for Altoid Co. is shown below. $ ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity $ 180 350 450 600 1,180 $ 2,760 -51 $ 600 750 300 1,110 $ 2,760 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $ 8,000 7,210 790 90 210 $ 490 Required: Compute the following financial statement ratios for 2021: Required: Compute the following financial statement ratios for 2021: Altoid Co.'s current ratio. (Round your answer to 2 decimal places.) Current ratio