Question: Use the balance sheet you prepared in E2-34B to compute the current ratio at December 31, 2012. InE2-34B Land and building Common stock Long-term investments

Use the balance sheet you prepared in E2-34B to compute the current ratio at December 31, 2012.
InE2-34B

Land and building Common stock Long-term investments Short-term investments Cash Accounts receivable Inventories 4,125 2,150 1,297 1,100 3,267 575 Current portion of long-term debt ,160 3,864 6,750 Accounts payable 3,651 2,175 615 1,260 Other noncurrent liabilities Retained earnings Other current assets Vehicles 505 Long-term debt

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