TB MC Qu. 04-134 Use the information in the adjusted...

Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company:

Account Title	Dr			Cr
Cash	$	50,000
Accounts receivable		25,000
Prepaid insurance		10,200
Equipment		190,000
Accumulated depreciationEquipment				$	95,000
Land		104,000
Accounts payable					26,000
Interest payable					4,650
Unearned revenue					7,700
Long-term notes payable					57,000
Z. Taron, Capital					188,850
Totals	$	379,200		$	379,200

Multiple Choice

• 2.22.

• 0.45.

• 2.71.

• 2.12.

• 1.96.