The following data were abstracted from the 2014 December 31, balance sheet of Andrews Company:

• Cash $136,000
• Short-term investments 64,000
• Accounts receivable 184,000
• Inventory 244,000
• Prepaid expenses 12,000
• Accounts Payable (all due within one year) 256,000
• Other short-term liabilities 64,000
• Bonds payable, long-term 400,000

The current ratio is?