Use the following information to compute the current ratio:Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,100Paid-In Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,750Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000Accrued Wages Payable . . . . . . . . . . . . . . . . . . . . . 250Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000View Solution:
Use the following information to compute the current ratio Accounts Payable



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