Company current ratio to the nearest tenth

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Reference no: EM131811939

The Shania Company December 31, 2015, balance sheet contains the following. The company's current ratio to the nearest tenth is, _____ to 1.

Cash	$8,000
Account Receivable	12,000
Inventory	20,000
Equipment	60,000
Accumulated Depreciation	20,000
Accounts Payable	8,000
Salaries Payable	2,000
Notes Payable, due in 20 days	10,000
Mortgage Note Payable, due in 15 years	20,000
Twain, Capital	40,000

Reference no: EM131811939

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