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Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 144 $ 162 Accounts receivable, net 214
Excerpts from Sydner Corporation's most recent balance sheet appear below:
Year 2 Year 1
Current assets:
Cash $ 144 $ 162
Accounts receivable, net 214 234
Inventory 248 206
Prepaid expenses 12 12
Total current assets $ 618 $ 614
Total current liabilities $ 368 $ 340
Sales on account in Year 2 amounted to $1,440 and the cost of goods sold was $930. The current ratio at the end of Year 2 is closest to:
.36
.45
1.68
.82
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