Question 11 Following are the Balance Sheet accounts for Year 1 of ABC Company: Accounts Payable Accounts Receivable Bond Payable Cash Equipment Inventory $10,000 12,000 50,000 8,000 80,000 14,000 1 pts Wages Payable 5,000 Calculate ABC's Current Ratio. Round your answer to TWO decimal places. Your answer may fall within one of the following ranges: O 3.0 or greater O 1.00-1.99 2.00-2.99 O less than 1.00