1999 income statement ($ in millions) net sales $1,384 less: cost of goods sold 605 less: depreciation 180 earnings before interest and taxes 599 less: interest paid 80 taxable income 519 less: taxes 156 net income $363 addition to retained earnings $254 dividends paid 109 young, inc. 1998 and 1999 balance sheet ($ in millions) 1998 1999 1998 1999 cash $100 $121 accounts payable $400 $350 accounts rec. 350 425 notes payable 390 370 inventory 440 410 total $790 $720 total $890 $956 long-term debt 500 550 net fixed assets 1,556 1,704 common stock 600 580 retained earnings 556 810 total assets $2,446 $2,660 total liabilities $2,446 $2,660 what is the current ratio for young in 1999? 1.13 1.21 1.23 1.33 1.47