The Sanchez Company reported the following: Year 3 Year 2 Year 1 Revenue 32,000 28,000 26,000 Cost of goods sold 28,400 25,600 22,500 Cash 3,200 2,920 3,500 Net income 3,558 2,340 3,465 Accounts receivable 640 710 600 Notes payable 18,000 21,000 19,000 Inventory 1,700 2,020 1,800 Tax expense 30 40 20 Equipment 18,800 19,400 20,000 Interest expense 12 20 15 Accounts payable 1,200 900 1,000 What is the company's current ratio for year 3? Round your final answer to two decimal places