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 $41,055 Accounts receivable (net) 28,036 33,093 Inventory Property, plant and equipment 284,150 Total Assets $386,334 Liabilities and Stockholders' Equity Current liabilities $66,901 Long-term liabilities 91,627 Stockholders' equity-common 227,806 Total Liabilities and stockholders' equity $386,334 Income Statement Sales $95,326 Cost of goods sold 42,897 $52,429 Gross margin Operating expenses 23,334 $29,095 Net income Number of shares of common stock 5,102 Market price of common stock $29 What is the current ratio for this company? Round your answer to two decimal places. Select the correct answer. What is the current ratio for this company? Round your answer to two decimal places. Select the correct answer. 1.53 0.61 2.22 1.03