Pioneer's adjusted trial balance as of December 31, 2024 is given below: Debit Credit Cash $13,000 Accounts Receivable 8,000 Prepaid Rent 7,000 Prepaid Insurance 2,000 Office Supplies 3,000 Land 43,000 Building 58,000 Accumulated Depreciationlong dashBuilding $11,500 Equipment 32,000 Accumulated Depreciationlong dashEquipment 7,600 Accounts Payable 5,500 Salaries Payable 4,900 Interest Payable 2,700 Mortgage Payable (long term) 5,000 Common Stock 11,500 Dividends 17,100 Service Revenue 240,300 Salaries Expense 42,500 Insurance Expense 4,000 Rent Expense 13,000 Utilities Expense 17,000 Advertising Expense 9,900 Depreciation Expenselong dashBuilding 10,300 Depreciation Expenselong dashEquipment 7,700 Supplies Expense 1,500 Total $289,000 $289,000 Compute the current ratio. (Round your answer to two decimal places.) Question content area bottom Part 1 A. 1.60 B. 7.62 C. 2.36 D. 2.52