End of the Line Montana Refrigeration has these account balances at December 31, 2024:

Requirements

1. Calculate End of the Line Montana Refrigeration’s current ratio. 

2. How much in current assets does End of the Line Montana Refrigeration have for every dollar of current liabilities that it owes?

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Notes Payable, long-term Prepaid Rent Salaries Payable Service Revenue Office Supplies Accumulated Depreciation Equip. Advertising Expense $ 9,200 2,500 2,600 Cash 15,600 Depreciation Expense-Equip. Accounts Payable Accounts Receivable 1,300 Equipment 4,000 Stapleton, Capital 900 Rent Expense $3,600 6,600 3,500 400 24,000 6,000 1,800