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Given the following post-closing trial balance, what is the current ratio? CR DR 1,000 3.000 9,000 800 1,200 50,000 Cash Accounts Receivable Merchandise Inventory Store

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Given the following post-closing trial balance, what is the current ratio? CR DR 1,000 3.000 9,000 800 1,200 50,000 Cash Accounts Receivable Merchandise Inventory Store Supplies Prepaid Insurance Store Equipment Accumulated Depreciation Accounts Payable Salaries Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Total 12.000 2.500 500 10,000 25.000 15.000 65,000 65.000 2.6

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