Calculate the current ratio using the following information: (Round your answer to two decimals. ) $$\begin{array} { l l }
\text { Cash } & \$ 6,000 \
\text { Accounts Receivable } & 1,300 \
\text { Prepaid Rent } & 1,100 \
\text { Land } & 20,000 \
\text { Equipment } & 6,000 \
\text { Accumulated Depreciation } & 1,000 \
\text { Accounts Payable } & 5,000 \
\text { Salaries Payable } & 1,000 \
\text { Notes Payable-long term } & 8, 000
\end{array}$$
A)1.40
B)1.68
C)1.44
D)1.22

Question

Calculate the current ratio using the following information: (Round your answer to two decimals. ) $$\begin{array} { l l } 
\text { Cash } & \$ 6,000 \
\text { Accounts Receivable } & 1,300 \
\text { Prepaid Rent } & 1,100 \
\text { Land } & 20,000 \
\text { Equipment } & 6,000 \
\text { Accumulated Depreciation } & 1,000 \
\text { Accounts Payable } & 5,000 \
\text { Salaries Payable } & 1,000 \
\text { Notes Payable-long term } & 8, 000
\end{array}$$
A)1.40
B)1.68
C)1.44
D)1.22

Quizplus · Accepted Answer

The Answer of Calculate the current ratio using the following information: (Round your answer to two decimals. ) $$\begin{array} { l l } 
\text { Cash } & \$ 6,000 \
\text { Accounts Receivable } & 1,300 \
\text { Prepaid Rent } & 1,100 \
\text { Land } & 20,000 \
\text { Equipment } & 6,000 \
\text { Accumulated Depreciation } & 1,000 \
\text { Accounts Payable } & 5,000 \
\text { Salaries Payable } & 1,000 \
\text { Notes Payable-long term } & 8, 000
\end{array}$$
A)1.40
B)1.68
C)1.44
D)1.22

Calculate the Current Ratio Using the Following Information: (Round Your