End of the Line Montana Refrigeration has these account balances at December 31, 2018:

Requirements
1. Calculate End of the Line Montana Refrigeration's current ratio.
2. How much in current assets does End of the Line Montana Refrigeration have for every dollar of current liabilities that it owes?

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Notes Payable, long-term $ 9,200 Accounts Payable $ 3,600 6,600 3,500 Prepaid Rent Salaries Payable Service Revenue 2,500 Accounts Receivable 2,600 Cash 15,600 Depreciation Expense-Equip. 400 Office Supplies Accumulated Depreciation-Equip. 1,300 Equipment 24,000 6,000 4,000 Common Stock 900 Rent Expense Advertising Expense 1,800