Calculating Current Ratio for ABC Corp

Consider the following information extracted from the balance sheet of a fictional company, ABC Corp:

As of December 31, 2022, ABC Corp has total assets of $1,000,000, total liabilities of $600,000, and shareholders' equity of $400,000. The company has current assets of $300,000 and current liabilities of $200,000.

Based on this information, what is the company's current ratio?