Requirement 1. Calculate Heart of Tennessee Telecom's current ratio. (Round your answer to two decimal places, X.XX.) Current ratio Accounts Payable Notes Payable, long-term 8,200 4,100 Prepaid Rent Salaries Payable Accounts Receivable 5,600 2,300 1,300 Cash 2,800 14,800 Depreciation Expense-Equip 1,000 Equipment Service Revenue 1,200 Office Supplies 18,000 Accumulated Depreciation-Equip 4,500 Common Stock 1,000 1,100 Rent Expense 1,900 Advertising Expense