The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Liabilities and Equity Current liabilities: Cash $ 76 Accounts payable $234 Accounts receivable (net) Notes receivable 173 58 Other current liabilities 80 Total current liabilities 314 Inventory 206 Long-term liabilities 91 Prepaid expenses 38 Total liabilities. 405 Total current assets 551 Shareholders' equity: Equipment (net) 265 Common stock Total assets 132 Retained earnings 279 $816 Total shareholders' equity Total liabilities and equity 411 $ 816 The current ratio is (Round your answer to 2 decimal places.)