The following is financial data for Traber Corp. for the last two years. Balance Sheet 20X1 20X2 $200,000 Current assets $230,000 Property, plant, & equipment (net) $1,000,000 $800,000 Total assets $1,000,000 $1,230,000 $250,000 Current liabilities $150,000 $450.000 $500,000 Long-term liabilities Stockholders' equity $400,000 $480,000 $1.000,000 $1,230,000 Income Statement 20X2 Sales $700,000 ($500,000) Cost of goods sold General and administrative expenses (380,000) Interest expense ($30,000) ($10,000) Income taxes Net income $80,000 Other Information Depreciation expense $15,000 Number of shares of stock outstanding 100,000 Calculate the current ratio for Traber at the end of 20X2 1.33 b. 0.92 c. 0.31 d. 200