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help Gilbert Company has cash of $12,000, accounts receivable of $14,000, inventory of $36,000, prepaid insurance 8,000 and land of $20,000. Assuming current liabilities of

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Gilbert Company has cash of $12,000, accounts receivable of $14,000, inventory of $36,000, prepaid insurance 8,000 and land of $20,000. Assuming current liabilities of $27,000, this company's current ratio is Note: Current ratio=Current Assets/Current Liabilities 0.7 1.0 2.33 2.59

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