QUESTION 11 Data from Kooistra Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash. $70 $190 Accounts receivable. 140 130 Inventory 180 150 Prepaid expenses. 60 70 Total current assets. $450 $540 Total current liabilities....... $280 $320 Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770. The current ratio at the end of Year 2 is closest to: 0.96 0.30 0.31 1.61