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	$172	$132
Accounts receivable	250	270
Inventory	132	142
Prepaid expenses	46	46
Total current assets	600	590
Plant and equipment, net	760	760
Total assets	$1,360	$1,350
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$142	$162
Accrued liabilities	96	96
Notes payable, short term	66	76
Total current liabilities	304	334
Bonds payable	298	308
Total liabilities	602	642
Stockholders equity:
Common stock, $2 par value	112	112
Additional paid-in capital--common stock	230	230
Retained earnings	416	366
Total stockholders equity	758	708
Total liabilities & stockholders equity	$1,360	$1,350

Income Statement
For the Year Ended December 31, Year 2
(in thousands of dollars)
Sales (all on account)	$1,550
Cost of goods sold	900
Gross margin	650
Selling and administrative expenses	389
Net operating income	261
Interest expense	47
Net income before taxes	214
Income taxes (30%)	64
Net income	$150

The current ratio at the end of Year 2 is closest to:

1.97

0.51

1.10

0.50