Calculate Edward Allens current ratio after the transcations listed in (a) - (e) round your answers to 2 decimal places .

Current ratio after the transcations (a) -(e)

Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 310 150 170 1 31 337 27 70 Assume that the following events occurred in the following quarter. a. Paid $50 cash for additional inventory. b. Issued additional shares of common stock for $40 in cash. c. Purchased equipment for $160; paid $75 in cash and signed a note to pay the remaining d. Signed a short-term note to borrow $14 cash. e Conducted negotiations to purchase a sawmill, which is expected to cost $36. Use your response to part 6 to calculate Edward Allen's current ratio after the transactions liste 2 decimal places.) the transactions alo) Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 310 150 170 1 31 337 27 70 Assume that the following events occurred in the following quarter. a. Paid $50 cash for additional inventory. b. Issued additional shares of common stock for $40 in cash. c. Purchased equipment for $160; paid $75 in cash and signed a note to pay the remaining d. Signed a short-term note to borrow $14 cash. e Conducted negotiations to purchase a sawmill, which is expected to cost $36. Use your response to part 6 to calculate Edward Allen's current ratio after the transactions liste 2 decimal places.) the transactions alo)