Question: Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash Accounts Receivable $7,000 1,400 Prepaid Rent 1,000 Land

Calculate the current ratio using the following information: (Round your answer to

Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash Accounts Receivable $7,000 1,400 Prepaid Rent 1,000 Land 40,000 Equipment 4,000 Accumulated Depreciation 1,200 Accounts Payable 4,000 Salaries Payable 800 Notes Payable-long term 8,000 OA. 3.11 OB. 1.96 C. 1.75 OD. 2.35

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