Based on the balance sheet, what is the current ratio Balance Sheet As of 12 31 20 ASSETS LIABILITIES Cash $1,000,000 Accounts Payable $1,100,000 Accounts Receivable 700,000 Mortgage 2,000,000 Inventory 500,000 Building 2,800,000 Total Liabilities $3,100,000 FUND BALANCE Restricted Funds $1,000,000 Unrestricted Funds 900,000 Total Fund Balance $1,900,000 Total Assets $5,000,000 Total Liabilities Fund Balance $5,000,000 Group of answer choices 0 44 56 2 0 2 2

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Based on the balance sheet, what is the current ratio  Balance Sheet As of 12 31 20 ASSETS LIABILITIES Cash $1,000,000 Accounts Payable $1,100,000 Accounts Receivable 700,000 Mortgage 2,000,000 Inventory 500,000 Building 2,800,000 Total Liabilities $3,100,000 FUND BALANCE Restricted Funds $1,000,000 Unrestricted Funds 900,000 Total Fund Balance $1,900,000 Total Assets $5,000,000 Total Liabilities   Fund Balance $5,000,000 Group of answer choices 0 44  56 2 0 2 2

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Question: Based on the balance sheet, what is the current ratio? Balance Sheet As of 12/31/20 ASSETS LIABILITIES Cash $1,000,000 Accounts Payable $1,100,000 Accounts Receivable 700,000

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