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20. Ellison Electronics has Cash of $200, Accounts Receivable of $800, Supplies of $400, Supplies Expense of $200, and Service Revenue of $900. Ellison owes
20. Ellison Electronics has Cash of $200, Accounts Receivable of $800, Supplies of $400, Supplies Expense of $200, and Service Revenue of $900. Ellison owes $300 on Accounts Payable, $500 on Salary Payable, and $700 on Long-term Note Payable. What is Ellisons current ratio (rounded to two decimal places)?
A.3.13
B.1.75
C.1.60
D.0.93
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