The following information pertains to Tanzi Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets
Cash and short-term investments	$42,412
Accounts receivable (net)	26,867
Inventory	25,200
Property, plant and equipment	235,927
Total Assets	$330,406
Liabilities and Stockholders' Equity
Current liabilities	$57,105
Long-term liabilities	94,505
Stockholders' equity-common	178,796
Total Liabilities and stockholders' equity	$330,406
Income Statement
Sales	$97,448
Cost of goods sold	43,852
Gross margin	$53,596
Operating expenses	27,338
Net income	$26,258
Number of shares of common stock	5,978
Market price of common stock	$31

What is the current ratio for this company? Round your answer to two decimal places.

Select the correct answer.

A 1.65

B 1.21

C 2.22

D 0.74