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A bike company had the following accounts and balances in its general ledger here below: Cash $ 20 Accounts Receivable 40 Building 900 Accumulated Depreciation

A bike company had the following accounts and balances in its general ledger here below:

Cash

$ 20

Accounts Receivable

40

Building

900

Accumulated Depreciation

200

Accounts Payable

15

Unearned Revenue

5

Common Stock

600

Retained Earnings

65

Dividends

5

Service Revenue

200

Rent Expense

40

Supplies Expense

30

Wages Expense

50

What is the current ratio?

1 to 3 (33.3%)

3 to 1 (300%)

1 to 38 )2.6%)

38 to 1 (3800%)

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