The chief financial officer (CFO) of Sharon Corporation requested that the accounting department prepare a preliminary statement of financial position on December 20,2024. She knows that certain debt agreements with its creditors require the company to maintain a current ratio of at least 2:1 and she wants to know how the company is doing. The preliminary statement of financial position follows: (a) Calculate the current ratio based on the data in the preliminary statement of financial position. (Round current ratio to 1 decimal place, e.g. 5.2.) Current ratio : 1