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Ratio questions, read carefully please. Thanks! Use for reference 2018 2019 2018 2019 Cash $1,400 $1,900 Accounts payable $4,400 $5,100 Accounts receivable $2,600 $3,100 Utilities

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Ratio questions, read carefully please. Thanks!

Use for reference

image text in transcribedimage text in transcribedimage text in transcribed
2018 2019 2018 2019 Cash $1,400 $1,900 Accounts payable $4,400 $5,100 Accounts receivable $2,600 $3,100 Utilities payable $1,200 $1,500 Inventory $3,100 $6,200 Wages payable $1,000 $800 Prepaid insurance $800 $900 Notes payable $10,000 $12,600 Equipment $22,000 $22,000 Interest payable $300 $600 Accum. depreciation ($3,000) ($4,200) Common stock $10,000 $10,000 Land $4,100 $5,600 Retained earnings $4,100 $4,900 $31,000 $35,500 $31,000 $35,500How much was the current ratio at December 31, 2019 if insurance is a current assets, and the note payable and interest payable are still long term? 0 1.025 O 1.337 O 1.429 O 1.514 O 1.635

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