Saved Help Sa meworR Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings salaries and Wages Payable s 120 16 112 27 305 148 165 29 26 65 Software Assume that the following eve.ts occurred in the following quarter a. Paid $45 cash for additional inventory. b. Issued additional shares of common stock for $35 in cash. C. Purchased equipment for $150; paid $70 in cash and si d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a awmill, which is expected to cost $34. Required 1-a. Calculate Edward Allen's current ratio at September 30, 2016, prior to the transactions listed above. (Round your answer decimal places.) rrent Ratio 2 3 4 9 of 9 E Next K Prev