Step 1: Determine the area of the rectangular sheet.
The area of the rectangular sheet is given by:
\[
\text{Area} = 54 \times 4 = 216 \, \text{cm}^2.
\]
Step 2: Dimensions of the cylindrical tube.
When the longer edges of the sheet are joined, the circumference of the cylinder's base is \( 4 \, \text{cm} \), and the height of the cylinder is \( 54 \, \text{cm} \).
The radius of the base of the cylinder, \( r \), is:
\[
r = \frac{\text{Circumference}}{2\pi} = \frac{4}{2\pi} = \frac{2}{\pi} \, \text{cm}.
\]
The volume of the cylinder is:
\[
V_{\text{cylinder}} = \pi r^2 h = \pi \left( \frac{2}{\pi} \right)^2 \times 54 = \pi \cdot \frac{4}{\pi^2} \cdot 54 = \frac{216}{\pi} \, \text{cm}^3.
\]
Step 3: Dimensions of the cube.
The surface area of the cube is equal to the area of the sheet, which is \( 216 \, \text{cm}^2 \).
For a cube, the surface area is \( 6a^2 \), where \( a \) is the side length.
\[
6a^2 = 216 \quad \Rightarrow \quad a^2 = 36 \quad \Rightarrow \quad a = 6 \, \text{cm}.
\]
The volume of the cube is:
\[
V_{\text{cube}} = a^3 = 6^3 = 216 \, \text{cm}^3.
\]
Step 4: Ratio of the volumes.
The ratio of the volume of the cylindrical tube to the volume of the cube is:
\[
\text{Ratio} = \frac{V_{\text{cylinder}}}{V_{\text{cube}}} = \frac{\frac{216}{\pi}}{216} = \frac{1}{\pi}.
\]
Conclusion:
The ratio of the volume of the cylindrical tube to the volume of the cube is \( \frac{1}{\pi} \).