The formula for Current Ratio is Current Assets divided by Current Liabilities. Rigby Corporation had the following accounts at year-end. Cash $820,000 Accounts receivable 980,000 Short-term investments 2,500,000 Equipment 750,000 Long-term investments Land 1,017,000 Accounts payable 640,000 Long-term bonds payable 250,000 Long-term note payable 34.000 What is Rigby's Current Ratio? (rounded) 7.89 1.28 921 6.72