Granite State Telephone and Telegram has these account balances at December $31,2025$:

View the account balances.

Requirements

Calculate Granite State Telephone and Telegram's current ratio.

How much in current assets does Granite State Telephone and Telegram have for every dollar of current liabilities that it owes?

Account balances

Requirement $1.$ Calculate Granite State Telephone and Telegram's current ratio. $($Round your a

$\backslash$table$[[71,=,$Current ratio$],[,=,]]$

Requirement $2.$ How much in current assets does Granite State Telephone and Telegram have The company has of current assets for every dollar of current liabilities that it owes.

$\backslash$table$[[$Notes Payable, long$-$term,$$,10,000,$Accounts Payable,$$,3,700],[$Prepaid Rent,,$1,600,$Accounts Receivable,,$6,100],[$Salaries Payable,,$2,300,$Cash,,$2,800],[$Service Revenue,,$13,800,\backslash$table$[[$Depreciation Expense$-],[$Equip$.]],,1,200],[$Supplies$,,900,$Equipment,,$23,000],[\backslash$table$[[$Accumulated Depreciation$],[-$Equip.$]],,6,500,$Common Stock,,$700],[$Advertising Expense,,$600,$Rent Expense,,$800]]$