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	$44,184
Accounts receivable (net)	28,062
Inventory	37,904
Property, plant and equipment	291,449
Total Assets	$401,599
Liabilities and Stockholders' Equity
Current liabilities	$63,631
Long-term liabilities	92,830
Stockholders' equity-common	245,138
Total Liabilities and stockholders' equity	$401,599
Income Statement
Sales	$99,898
Cost of goods sold	44,954
Gross margin	$54,944
Operating expenses	22,793
Net income	$32,151
Number of shares of common stock	6,555
Market price of common stock	$32

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