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table [ [ Cash , 3 , 1 0 0 ] , [ Common Stock, 1 0 , 4 0 0 ] , [

\table[[Cash,3,100],[Common Stock,10,400],[Equipment,2,700],[Income Tax Expense,300],[Interest Expense,50],[Notes Payable ( long-term),900],[Prepaid Rent,1,100],[Retained Earnings,2,600],[Service Revenue,5,300],[Short-Term Investments,6,300],[Software,1,700]]
3-a. Determine the current ratio.
3-b. Were the current assets sufficient to cover the current liabilities at June 30,2019?
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Complete this question by entering your answers in the tabs below.
Determine the current ratio. (Enter your answers in millions (i.e.,10,000,000 should be entered as 10).)
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