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Calculate the current ratio using the following information: (Round your answer to two decimals.) Cash $7,000 Accounts Receivable 1100 Prepaid Rent 900 Land 40000 equipment

Calculate the current ratio using the following information: (Round your answer to two decimals.)

Cash $7,000

Accounts Receivable 1100

Prepaid Rent 900

Land 40000

equipment 4000

accumulated depreciation 800

accounts payable 3000

salaries payable 900

notes payable-long term 9000

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