Question: Answer is not complete. Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Each journal entry is posted automatically to the general ledger.

Answer is not complete. Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Each journal entry is posted automatically to the general ledger. General Ledger Account Cash No. Date December 31 Debit Credit Balance No. 19,000 Date December 31 Accounts receivable Debit Credit Balance 4,100 Notes receivable (long-term) No. Date Debit December 31 Inventory Credit Balance No. 1,800 Date December 31 Debit Credit Balance 28,000 Short-term investments Equipment No. Date Debit Credit Balance No. December 31 3,800 Date December 31 Debit Credit Balance 49,000 + 1 December 31 8,600 12,400 Operating lease right-of-use assets No. Date Debit December 31 Credit Balance No. 140,000 Date December 31 Factory building Debit Credit Balance 107,000 No. Date Intangible assets Debit Credit Balance No. December 31 4,700 Date December 31 Accounts payable Debit Credit Balance 15,000 Notes payable (current) No. Date Debit December 31 Accrued liabilities payable Credit Balance No. 7,600 Date December 31 Debit Notes payable (noncurrent) No. Date December 31 Debit Credit Balance 2,000 Long-term lease liabilities Credit Balance No. 44,000 Date December 31 Debit Credit Balance 66,000 Credit Balance 97,200 No. Date December 31 Common stock Debit Additional paid-in capital Credit Balance No. 10,800 Date December 31 Debit No. Date December 31 Retained earnings Debit Credit Balance 114,800 < General Journal Trial Balance > Compute the current ratio for the current year. Note: Round your answer to 2 decimal places. Current ratio
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