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Calculate the current ratio

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Question - Calculate the current ratio using the following information: (Round your answer to two decimal places.)

Cash $5,000

Accounts Receivable 1,100

Prepaid Rent 1,000

Land 40,000

Equipment 4,000

Accumulated Depreciation 1,200

Accounts Payable 3,000

Salaries Payable 900

Notes Payable-long term 9,000

A. 1.56

B. 3.09

C. 1.82

D. 2.37

Reference no: EM132228884

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