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Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $168 238 296 24 $726 $174 258 242 2 4 $698 Total current assets $416 $400

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Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $168 238 296 24 $726 $174 258 242 2 4 $698 Total current assets $416 $400 Total current liabilities Sales on account in Year 2 amounted to $1,740 and the cost of goods sold was $1,110 The current ratio at the end of Year 2 is closest to: Multiple Choice 1.75 0.60 0.94 0.69

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