Heart of Texas Telecom has these account balances at December 31, 2014:

Requirements
1. Calculate Heart of Texas Telecom's current ratio.
2. How much in current assets does Heart of Texas Telecom have for every dollar of current liabilities that it owes?

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Notes Payable, long-tem $7,800 Accounts Payable Prepaid Rent Salaries Payable Service Revenue Office Supplies Accumulated Deprecation-Equip Advertising Expense $ 3,700 5,700 3,500 10,400 Depredation Expense-Equip. 000 15,000 3,100 1.200 2,300 Accounts Recelvable 3,000 Cash 500 Equipment 2,000 Common Stock 800 Rent Expense