Panhandle of Nebraska Shipping has these account balances at December $31,2025$:

View the account balances.

Requirements

Calculate Panhandle of Nebraska Shipping's current ratio.

How much in current assets does Panhandle of Nebraska Shipping have for every dollar of current liabilities that it owes?

Requirement $1.$ Calculate Panhandle of Nebraska Shipping's current ratio. $($Round your answer to two decimal places, X$.$XX$.)$

$$ Total current assets $$ Total current liabilities

$=$

Current ratio

$=$

Requirement $2.$ How much in current assets does Ranhandle of Nebraska Shipping have for every dollar of current liabilities that it owes? $($Enter the amount to the nearest cent.$)$

The company has $$ of current assets for every dollar of current liabilities that it owes.Panhandle of Nebraska Shipping has these account balances at December $31,2025$:

View the account balances.

Requirements

Calculate Panhandle of Nebraska Shipping's current ratio.

How much in current assets does Panhandle of Nebraska Shipping have for every dollar of current liabilities that it owes?

Requirement $1.$ Calculate Panhandle of Nebraska Shipping's current ratio. $($Round your answer to two decimal places, X$.$XX$.)$

Total current assets $$

$$ Total current liabilities $=$

Current ratio

$=$

Requirement $2.$ How much in current assets does Ranhandle of Nebraska Shipping have for every dollar of current liabilities that it owes? $($Enter the amount to the nearest cent.$)$

The company has $$ of current assets for every dollar of current liabilities that it owes.

Account balances

$\backslash$table$[[$Notes Payable, long$-$term,$$,9,000,$Accounts Payable$],[$Prepaid Rent,$1,800,$Accounts Receivable,$$3,900$