Following is the information of Chavez Company Accounts receivable $ 26,500 Long-term notes payable $ 27,000 Accounts
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Following is the information of Chavez Company
| Accounts receivable | $ | 26,500 | Long-term notes payable | $ | 27,000 |
| Accounts payable | 16,200 | Office supplies | 3,000 | ||
| Buildings | 45,000 | Prepaid insurance | 4,440 | ||
| Cash | 9,400 | Unearned services revenue | 4,000 |
Compute Chavez Company's current ratio using the above information.
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