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Given the following account balances, calculate the current ratio. Cash Accounts Receivable Accounts Payable Unearned Revenue Equipment Retained Earnings Common Stock Rent Expense Prepaid Insurance

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Given the following account balances, calculate the current ratio. Cash Accounts Receivable Accounts Payable Unearned Revenue Equipment Retained Earnings Common Stock Rent Expense Prepaid Insurance Expense $23,000 $35,000 $28,000 $20,000 $79,000 $56,000 $74,000 $42,000 $8,000 42 1.38 2.36 48 2.07 73 1.21 3.02

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