The Burton Company reported the following: Accounts payable $2,400 Inventory 900 Cash 1,300 Long-term debt 8,500 Equipment 12,600 If the company purchased $500 of equipment, what is its current ratio after the transaction is recorded? Round your final answer to two decimal places. In a tabular analysis, the transaction used to record the sale of equipment would include O (Accumulated depreciation) and (Depreciation expense) O (Cash) and Equipment (Equipment) and Accumulated depreciation Cash and (Depreciation expense) O (Cash) and (Depreciation expense) Time value of money is really all about interest. O deferrals. inflation O depreciation. The Fahey Company sold services to a customer, performed the services and sent the customer a bill; the related transaction used to record this would include A o (Cash) and (Cost of Goods Sold) Accounts receivable and Unearned revenue O Cash and Revenue Accounts Receivable and Revenue O Cash and (Accounts Receivable)