Excerpts from Sydner Corporation's most recent balance sheet appear below: ...
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Accounting
Excerpts from Sydner Corporation's most recent balance sheet appear below:
| Year 2 | Year 1 | |||||
| Current assets: | ||||||
| Cash | $ | 156 | $ | 168 | ||
| Accounts receivable, net | 226 | 246 | ||||
| Inventory | 272 | 224 | ||||
| Prepaid expenses | 18 | 18 | ||||
| Total current assets | $ | 672 | $ | 656 | ||
| Total current liabilities | $ | 392 | $ | 370 | ||
Sales on account in Year 2 amounted to $1,590 and the cost of goods sold was $1,020.
The current ratio at the end of Year 2 is closest to:
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