The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 65 Accounts payable $ 225 Accounts receivable (net) Notes receivable 185 57 Other current liabilities 77 Inventory 214 Total current liabilities Long-term liabilities 302 103 Prepaid expenses 35 Total current assets 556 Shareholders' equity: Equipment (net) 267 Total liabilities Common stock Retained earnings Total shareholders' equity 405 Total assets $823 137 281 418 Total liabilities and equity $ 823 The current ratio is (Round your answer to 2 decimal places.)