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The Pioneer Company has provided the following account balances: Cash $38,300; Short-term investments $4,300; Accounts receivable $6,300; Supplies $49,500; Long-term notes receivable $2,300; Equipment $97,500;
The Pioneer Company has provided the following account balances:
Cash $38,300; Short-term investments $4,300; Accounts receivable $6,300; Supplies $49,500; Long-term notes receivable $2,300; Equipment $97,500; Factory Building $183,000; Intangible assets $6,300; Accounts payable $29,700; Accrued liabilities payable $3,850; Short-term notes payable $14,600; Long-term notes payable $93,500; Common stock $183,000; Retained earnings $62,850.
What is Pioneer's current ratio?
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