Selected information from the financial statements of Brown Company for the year ended December 31, 2004, appears below:
2004
Current assets $ 350,000
Total assets 1,200,000
Current liabilities 140,000
Long-term liabilities 400,000
Net sales 1,500,000
Gross profit 600,000
Net income 150,000

Instructions
Relating to the year ended December 31, 2004, what was the current ratio. The ending balance for Total assets for 2003 was $800,000.