Current Ratio

TB MC Qu. 09-84 (Algo) The December 31, Year 1, balance sheet... The December 31, Year 1, balance sheet of Rowan Company shows current assets of $25,000 and current liabilities of $13,000. On January 1, Year 2, the company had the following two transactions: 1) Issued common stock for $2,300 cash 2) Received a $3,000 cash payment for its accounts receivable After the two transactions are recorded, what is the company's current ratio? Multiple Choice O O 5 to 1 1.9 to 1 O O O 2.3 to 1 O 2.1 to 1