Tietz Consulting Balance Sheet December 31, 2023 Assets Current assets: Cash $27,200 Accounts receivable 5,400 Prepaid insurance 2,400 Total current assets $35,000 Property, plant, and equipment Furniture 31,200 Less: accumulated amortization-furniture 7,800 23,400 Total assets $58,400 Liabilities Current liabilities: Accounts payable $15,800 Unearned service revenue 1,600 Total current liabilities $17,400 Owner's equity C. Tietz, Capital 41,000 Total liabilities and owner's equity $58,400. Start with the current ratio. First, select the formula, and then enter the amounts to calculate the current ratio. (Round your answer to two decimal places.) / = Current ratio / =