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The Chamberlain Corporation reported the following:
| Income Statement | Year 3 | | Year 2 | | Year 1 |
| Revenue | 12,300 | | 10,800 | | 8,900 |
| Cost of goods sold | 10,200 | | 9,600 | | 6,400 |
| Selling & admin. expenses | 950 | | 800 | | 1,200 |
| Net Income | 1,150 | | 400 | | 1,300 |
| | | | | | |
| Balance Sheet | Year 3 | | Year 2 | | Year 1 |
| Assets | | | | | |
| Cash | 880 | | 620 | | 700 |
| Accounts receivable | 300 | | 250 | | 280 |
| Inventory | 3,200 | | 3,000 | | 2,800 |
| Property & equipment (net) | 9,930 | | 9,810 | | 10,400 |
| Total Assets | 14,310 | | 13,680 | | 14,180 |
| | | | | | |
| Liabilities | | | | | |
| Accounts payable | 1,160 | | 1,080 | | 980 |
| Long term liabilities | 9,000 | | 9,200 | | 8,900 |
| Stockholders' Equity | | | | | |
| Common stock | 3,000 | | 3,000 | | 3,000 |
| Retained earnings | 1,150 | | 400 | | 1,300 |
| Total Liabilities and Equity | 14,310 | | 13,680 | | 14,180 |
What is the company's the company's current ratio for year 2? As needed, round your final answer (but not intermediate steps) to two decimal places.
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