Notes Payable, long-term Prepaid Rent Salaries Payable Service Revenue Office Supplies Accumulated Depreciation-Equip. Advertising Expense $4,000 6,300 3,200 600 19,000 2,200 1,400 $ 12,000 Accounts Payable 2,200 Accounts Receivable ,400 Cash 10,900 Depreciation Expense-Equip. 1,300 Equipment 4,500 Common Stock 1,000 Rent Expense A company has the following account balances on December 31, 2018: (Click the icon to view the account balances.) Requirement 1. Calculate the company's current ratio. (Round your answer to two decimal places.) Current ratio Requirement 2. How much in current assets does the company have for every dollar of current liabilities? (Enter the amount to the nearest cent.) The company has $of current assets for every dollar of current liabilities that it owes