Freiman Corporation's most recent balance sheet and income statement appear below. Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash $ 168 $ Accounts receivable, net Inventory 128 Prepaid expenses Total current assets 580 Plant and equipment, net Total assets $1.320 $1,310 240 $ 138 $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 108 220 404 732 $1,320 $1,310 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $1,470 Cost of goods sold 860 Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (308) Net income The current ratio at the end of Year 2 is closest to