Given the information answer the question. Cash Accounts Receivable Prepaid Rent Debit $15,000 Credit 9,000 6,000 Prepaid

Given the information answer the question.

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Cash Accounts Receivable Prepaid Rent Debit $15,000 Credit 9,000 6,000 Prepaid Insurance 2,100 Supplies 3,300 Land 45,000 Building 51,000 Accumulated Depreciation-Building $11,000 Equipment 39,000 Accumulated Depreciation-Equipment 7,300 Accounts Payable 5,400 Salaries Payable 4,300 Interest Payable 2,500 Mortgage Payable (long term) 5,000 Common Stock 13,000 Dividends 1,700 Service Revenue 232,500 Salaries Expense Insurance Expense Rent Expense Utilities Expense 45,500 5,000 12,500 17,000 Advertising Expense Depreciation Expense-Building Depreciation Expense-Equipment Supplies Expense Total 9,500 10,400 7,300 1,700 $281,000 $281,000 Compute the current ratio. (Round your answer to two decimal places.) Cash Accounts Receivable Prepaid Rent Debit $15,000 Credit 9,000 6,000 Prepaid Insurance 2,100 Supplies 3,300 Land 45,000 Building 51,000 Accumulated Depreciation-Building $11,000 Equipment 39,000 Accumulated Depreciation-Equipment 7,300 Accounts Payable 5,400 Salaries Payable 4,300 Interest Payable 2,500 Mortgage Payable (long term) 5,000 Common Stock 13,000 Dividends 1,700 Service Revenue 232,500 Salaries Expense Insurance Expense Rent Expense Utilities Expense 45,500 5,000 12,500 17,000 Advertising Expense Depreciation Expense-Building Depreciation Expense-Equipment Supplies Expense Total 9,500 10,400 7,300 1,700 $281,000 $281,000 Compute the current ratio. (Round your answer to two decimal places.)