The following is compressed information of one company's Balance Sheet. Using the given information, provide your answer as requested.

Assets:

Cash & Acct. Rec. (A/R) $30,000

Inventory $20,000

Prepaid Expenses $10,000

FF&E, net $100,000

Liabilities

Acct. Payable $30,000

Accrued Expenses $10,000

Interest Payable (3 months) $10,000

Notes Payable $60,000

Owners' Equity ????????

Determine the current ratio. Round your answer to the first two decimals. the current ratio is presented in plain numbers indicating the # of times.