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The December 31 Year 1, balance sheet of Rowan Company shows current sets of 532.000...

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Accounting

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The December 31 Year 1, balance sheet of Rowan Company shows current sets of 532.000 and current of $20.000 January 1, Year 2, the company had the following two transactions Issued common stock for $10,000 cash 2) Received a $6.000 cash payment for its accounts receivable After the two transactions are recorded, what is the company's current ratio Multiple Choice 2.4 to 1 16 to 1 2.1 to 1

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