Question: Homework QS 3-25 Identifying current accounts and computing the current ratio LO A2 Accounts receivable Accounts payable Buildings Cash $27,500 Long-term notes payable 15,600 office

Homework QS 3-25 Identifying current accounts and computing the current ratio LO A2 Accounts receivable Accounts payable Buildings Cash $27,500 Long-term notes payable 15,600 office supplies 57,000 Prepaid insurance 7,700 Unearned services revenue $34,000 2,500 5,080 3,800 1:35 Compute Chavez Company's current ratio using the above information Current Ratio Choose Denominator: Choose Numerator: Current assets 1 1 Current Ratio Current ratio YE

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