The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.

Assets				Liabilities and Equity
Current assets:				Current liabilities:
Cash	$	71		Accounts payable	$	226
Accounts receivable (net)		177		Other current liabilities		61
Notes receivable		53		Total current liabilities		287
Inventory		209		Long-term liabilities		110
Prepaid expenses		43		Total liabilities		397
Total current assets		553		Shareholders' equity:
Equipment (net)		271		Common stock		138
				Retained earnings		289
				Total shareholders' equity		427
Total assets	$	824		Total liabilities and equity	$	824

The current ratio is (Round your answer to 2 decimal places.):