Torres Company has $51,000 in cash; $8,000 in Accounts Receivable; $27,000 in short-term investments and $90,000 in merchandise inventory. The company also has $55,000 in current liabilities. The company's current ratio is: (Round your final answer to two decimal places.)

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The Answer of Torres Company has $51,000 in cash; $8,000 in Accounts Receivable; $27,000 in short-term investments and $90,000 in merchandise inventory. The company also has $55,000 in current liabilities. The company's current ratio is: (Round your final answer to two decimal places.)

Torres Company Has $51,000 in Cash; $8,000 in Accounts Receivable;