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Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 143 $ 113 Accounts receivable, net 296
Data from Dunshee Corporation's most recent balance sheet appear below:
Year 2 | Year 1 | |||||
Current assets: | ||||||
Cash | $ | 143 | $ | 113 | ||
Accounts receivable, net | 296 | 316 | ||||
Inventory | 129 | 149 | ||||
Prepaid expenses | 23 | 23 | ||||
Total current assets | $ | 591 | $ | 601 | ||
Total current liabilities | $ | 282 | $ | 285 | ||
Sales on account in Year 2 amounted to $1,495 and the cost of goods sold was $925.
The current ratio at the end of Year 2 is closest to:
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