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Calculate the current ratio, given the following account balances: Cash-$5,000, Accounts Receivable = $1,000; equipment-$15,000, accounts payable - $3,000, salaries payable - $4,000, bonds

Calculate the current ratio, given the following account balances: Cash-$5,000, Accounts Receivable = $1,000; equipment-$15,000, accounts payable - $3,000, salaries payable - $4,000, bonds payable - $10,000. (Note that you may not be using all of these amounts)

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