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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

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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 O B) 1.9 D) 0.70

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