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Calculate current ratio Accounts payable- $10,000 Accounts Receivable- $15,000 Buildings- $42,000 Cash- $4000 Current Notes payable- $7000 Office supplies $3800 Long term notes payable- $20000

Calculate current ratio

Accounts payable- $10,000

Accounts Receivable- $15,000

Buildings- $42,000

Cash- $4000

Current Notes payable- $7000

Office supplies $3800

Long term notes payable- $20000

Prepaid insurance- $2500

Unearned revenue- $1000

Wages payable- $3000

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