Bryce Inc. reported the following information on its most recent balance sheet. Description Debit Credit Cash $ 9,800 Accounts receivable 49,600 Inventory 75,000 Prepaid insurance 2,250 Short-term investments 3,000 Building 150,000 Equipment 80,000 Accumulated depreciation $ 3,250 Accounts payable 48,000 Deferred service revenue 8,000 Interest payable 10,000 Note payable, long-term 125,000 Common stock 110,000 Retained earnings 65,400 $369,650 $369,650 The current ratio for Bryce is equal to: OA) 2.12 OB) 1.9 OB) 1.9 OD) 0.70 Indicate which of the following statements is not true. A) If the stated rate of a note is less than the market rate, the note will be issued at a discount O B) At the time of borrowing, a note appears on the balance sheet at the present value of the cash expected to be paid, discounted at the market rate. C) A noninterest-bearing note has a stated rate of zero; thus the recognition of interest expense is deferred until the note's maturity date O D) A bond premium is amortized over a note's term, resulting in a decrease to interest expense each period