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Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current
Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets $139 288 117 19 $563 $109 308 137 19 $573 Total current liabilities $266 $265 Sales on account in Year 2 amounted to $1,395 and the cost of goods sold was $865. The current ratio at the end of Year 2 is closest to: 0.56 0.58 2.12 1.03
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