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Calculate the current ratio using the following information. Cash $5,000 Accounts Payable 1,400 Prepaid Rent 900 Land 20,000 Equipment 4,000 Accumulated Depreciation 800 Accounts Payable

Calculate the current ratio using the following information.

Cash $5,000

Accounts Payable 1,400

Prepaid Rent 900

Land 20,000

Equipment 4,000

Accumulated Depreciation 800

Accounts Payable 3,000

Salaries Payable 800

Notes Payable--long-term 9,000

A. 1,92

B. 1,68

C. 1,55

D .2,43

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