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 $38,699 Accounts receivable (net) 32,556 Inventory 37,641 Property, plant and equipment 242,287 Total Assets $351,183 Liabilities and Stockholders' Equity $59,154 Current liabilities 89,533 Long-term liabilities Stockholders' equity-common 202,496 Total Liabilities and stockholders' equity $351,183 Income Statement Sales $88,645 Cost of goods sold 39,890 Gross margin $48,755 Operating expenses 24,907 Net income $23,848 5,050 Number of shares of common stock Market price of common stock $33 What is the current ratio for this company? Round your answer to two decimal places. Select the correct answer. 1.84 2.22 0.65 1.20