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  3. 20. ellison electronics has cash of $200, accounts

20. Ellison Electronics has Cash of $200, Accounts Receivable of $800, Supplies of $400, Supplies...

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Accounting

20. Ellison Electronics has Cash of $200, Accounts Receivable of $800, Supplies of $400, Supplies Expense of $200, and Service Revenue of $900. Ellison owes $300 on Accounts Payable, $500 on Salary Payable, and $700 on Long-term Note Payable. What is Ellisons current ratio (rounded to two decimal places)?

A.3.13

B.1.75

C.1.60

D.0.93

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