Use the information in the adjusted trial balance presented below to calculate the current ratio...
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Accounting
Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company:
| Account Title | Dr | Cr | ||||
| Cash | $ | 50,000 | ||||
| Accounts receivable | 25,000 | |||||
| Prepaid insurance | 10,200 | |||||
| Equipment | 190,000 | |||||
| Accumulated depreciationEquipment | $ | 95,000 | ||||
| Land | 104,000 | |||||
| Accounts payable | 26,000 | |||||
| Interest payable | 4,650 | |||||
| Unearned revenue | 7,700 | |||||
| Long-term notes payable | 57,000 | |||||
| Z. Taron, Capital | 188,850 | |||||
| Totals | $ | 379,200 | $ | 379,200 | ||
Multiple Choice
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2.71.
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2.12.
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2.22.
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1.96.
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0.45.
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