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Calculate the current ratio using the followinginformation: (Round your answer to two decimalplaces.) Cash $6,000 Accounts Receivable 1,000 Prepaid Rent 1,000 Land 20,000 Equipment 6,000

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Calculate the current ratio using the followinginformation: (Round your answer to two decimalplaces.)

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Cash $6,000 Accounts Receivable 1,000 Prepaid Rent 1,000 Land 20,000 Equipment 6,000 Accumulated Depreciation 1,000 Accounts Payable 3,000 Salaries Payable 1,000 Notes Payable-long term 10,000 O A. 2 O B. 1.75 O C. 1.43 O D. 2.67

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