The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $240 80 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) 32e 11e Liabilities and Equity Current liabilities: $ 60 Accounts payable 170 Other current liabilities 50 Total current liabilities 200 Long-term liabilities 25 Total liabilities 505 Shareholders' equity: 255 Common stock Retained earnings Total shareholders' equity $760 Total liabilities and equity 43e 150 180 330 $760 Total assets The current ratio is (Round your answer to 2 decimal places.)