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What will the current ratio be using the following account balances, if applicable (Round answer to the nearest 2 decimal place. For example, if
What will the current ratio be using the following account balances, if applicable (Round answer to the nearest 2 decimal place. For example, if amount is 154.27%, then amount would be 1.54 or if amount was .795 then amount would be .80): Cash $8,000 Accounts Receivable $4,000 Prepaid Insurance $621 Net Book Value of Equipment $9,500 Accounts Payable $12,000 Notes Payable due in 3 years $ 21,000
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