The following balances are extracted from the statement of financial position of a company at its year end: Non-current assets: Property, plant and equipment 3,100,000 Current assets: Inventory 700,000 Trade receivables 350,000 Cash 104,000 Current liabilities: Bank overdrafts 16,000 Trade payables 426,000 Taxation due 100,000 Non-current liabilities: Bank loan 1,200,000 What is the company's current ratio at the year end?