Information from Dominic Company's year-end financial statements is as follows: Year 1 Year 2 Current assets $ 4,000,000 $ 4,200,000 Current liabilities 2,000,000 1,800,000 Equity 5,000,000 5,400,000 Net sales 16,600,000 17,600,000 Cost of goods sold 12,400,000 12,800,000 Operating income 1,000,000 1,100,000 What is the current ratio at December 31, Year 2? 2.94 to 1. 3.08 to 1. 1.38 to 1. 2.33 to 1