Cash

$4,550

Total current assets

/

Total current liabilities

=

Current ratio

Please show how you got the answe

Common Stock

$10,000

Accounts Receivable

2,500

Retained Earnings

25,650

Prepaid Rent

1,800

Dividends

1,900

Office Supplies

3,400

Service Revenue

1,400

Equipment

34,700

Depreciation ExpenseEquipment

400

Accumulated DepreciationEquipment

1,700

Salaries Expense

200

Accounts Payable

4,900

Rent Expense

400

Notes Payable (long-term)

7,500

Utilities Expense

500

Supplies Expense

800