Ferndale Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Current liabilities: Accounts payable $130$150 Accrued liabilities 9090 Notes payable, short term 6070 Total current liabilities 280310 Bonds payable 280290 Total liabilities 560600 Stockholders' equity: Common stock, \$2 par value 100100 Additional paid-in capitalcommon stock 200200 Retained earnings 380330 Total stockholders' equity 680630 Total liabilities & stockholders' equity $1.240$1.230 Income Statement Income Statement For the Year Ended December 31, Year 2 fin thnueande nf inllarel The acid-test ratio at the end of Year 2 is closest to: 1.93 0.96 1.36 1.50