The following data were abstracted from the 2014 December 31, balance sheet of Andrews Company:
- Cash $136,000
- Short-term investments 64,000
- Accounts receivable 184,000
- Inventory 244,000
- Prepaid expenses 12,000
- Accounts Payable (all due within one year) 256,000
- Other short-term liabilities 64,000
- Bonds payable, long-term 400,000
The current ratio is?