Compute Chavez Company’s current ratio using the following information.Accounts receivable . . . . . 1 answer below »

Compute Chavez Company’s current ratio using the following information.Accounts receivable . . . . . . . . . . . . . . $18,000Long-term notes payable . . . . . . . . . . $21,000Accounts payable . . . . . . . . . . . . . . . . . 11,000Office supplies . . . . . . . . . . . . . . . . . . . . . 2,800Buildings . . . . . . . . . . . . . . . . . . . . . . . . 45,000Prepaid insurance . . . . . . . . . . . . . . . . . . . 3,560Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,000Unearned services revenue . . . . . . . . . . . . 3,000View Solution:
Compute Chavez Company s current ratio using the following information Accounts