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Pioneer's adjusted trial balance as of December 31, 2024 is given below: Debit Credit Cash...

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Accounting

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Pioneer's adjusted trial balance as of December 31, 2024 is given below: Debit Credit Cash $15,000 Accounts Receivable 9,000 Prepaid Rent 8,000 Prepaid Insurance 2,100 Office Supplies 3,100 Land 47,000 Building 52,000 Accumulated DepreciationBuilding $11,500 Equipment 32,000 Accumulated Depreciation Equipment 7,900 Accounts Payable 5,400 Salaries Payable 4,300 Interest Payable 2,900 Mortgage Payable (long term) 5,000 Pioneer, Capital 12,500 Pioneer, Withdrawals 18,600 Service Revenue 240,500 Salaries Expense 41,500 Insurance Expense 3,500 Rent Expense 10,500 Utilities Expense 18,500 Advertising Expense 9,200 Depreciation Expense Building 10,900 Depreciation Expense-Equipment 7,300 Supplies Expense 1,800 Total $290,000 $290,000 Compute the current ratio. (Round your answer to two decimal places.) O A. 278 OB 2.95 O c. 7.88 OD. 1.9

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