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Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash $7,000 Accounts Receivable 1,400 Prepaid Rent 1,000 Land 40.000

Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash $7,000 Accounts Receivable 1,400 Prepaid Rent 1,000 Land 40.000 Equipment 6,000 Accumulated Depreciation 1,000 Accounts Payable 3,000 Salaries Payable 900 Notes Payablelong term 9,000

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