The Sleep Company had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $72,000 per year and made capital expenditures in both years of $30,000 per year. The company's stock price in 2021 was $8 and $7 in 2022. The industry average earnings multiple for the mattress industry was 9 in 2022 and the free cash flow and sales multiples were 18 and 1.5, respectively. The company is publicly owned and has 1,100,000 shares of outstanding stock at the end of 2022.

Balance Sheet, December 31,
	2022	2021
Cash	$ 380,000	$ 140,000
Accounts Receivable	$ 390,000	$ 440,000
Inventory	$ 290,000	$ 340,000
Total Current Assets	$ 1,060,000	$ 920,000
Long-lived Assets	1,480,000	1,500,000
Total Assets	$ 2,540,000	$ 2,420,000
Current Liabilities	$ 240,000	$ 340,000
Long-term Debt	640,000	540,000
Shareholder Equity	1,660,000	1,540,000
Total Debt and Equity	$ 2,540,000	$ 2,420,000

Income Statement, for year ended December 31,
	2022	2021
Sales	$ 4,950,000	$ 4,700,000
Cost of Sales	4,260,000	4,160,000
Gross Margin	690,000	540,000
Operating Expenses	370,000	420,000
Operating Income	320,000	120,000
Taxes	128,000	48,000
Net Income	$ 192,000	$ 72,000

Cash Flow From Operations	2022	2021
Net Income	$ 192,000	$ 72,000
Plus Depreciation Expense	50,000	50,000
+ Decrease (-increase) in Accounts Receivable and Inventory	100,000	0
+ Increase (-decrease) in Current Liabilities	(-100,000)	0
Cash Flow from Operations	$ 242,000	$ 122,000

The current ratio for 2022 is (rounded):