Assume a company provided the following excerpts from its balance sheet and income statement as shown below: Current assets Ending Balance Beginning Balance $ 140,000 $ 380,000 $ 106,000 Total assets $ 480,000 Current liabilities Total liabilities $ 80,000 $ 174,600 Total stockholders' equity $ 305,400 $ 206,000 $ 70,000 $ 174,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income The company's current ratio at the end of the year is closest to: $ 1,000,000 600,000 400,000 250,000 150,000 8,000 142,000 42,600 $ 99,400 Multiple Choice O 200 O 1.33. 1.08. 1.58