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 $38,139 Cash and short-term investments 33,806 Accounts receivable (net) 27,961 Inventory 222,572 Property, plant and equipment Total Assets Current liabilities $61,641 93,055 Long-term liabilities 167.782 Total Liabilities and stockholders' equity Sales $83,833 Cost of goods sold 37.725 Gross margin $46,108 Operating expenses 20.490 Net income 525.618 Number of shares of common stock 5,866 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. 1.17 1.62 2.22 0.62