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Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company: Account Title Debit Credit Cash $ 47,000

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

Account Title Debit Credit
Cash $ 47,000
Accounts receivable 24,000
Prepaid insurance 9,800
Equipment 180,000
Accumulated depreciationEquipment $ 90,000
Land 103,000
Accounts payable 25,000
Interest payable 4,400
Unearned revenue 7,400
Long-term notes payable 54,000
Z. Taron, Capital 183,000
Totals $ 363,800 $ 363,800
1.93.
2.80.
2.20.
2.10.
0.46.

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