Determine the company current ratio is

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A company reports the following amounts in its year-end balance sheet:

Accounts Receivable of $42,000;

Accounts Payable of $34,000;

Accumulated Depreciation of $40,000;

Buildings of $180,000;

Cash of $25,000;

Equipment of $90,000;

Prepaid Insurance of $10,000;

Salaries Payable of $22,000;

Office Supplies of $6,000; and

Unearned Revenue of $16,000.

Problem 1: The company's current ratio is

Reference no: EM132988231

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