requirement 2. compute oconnor dance studios current ratio at august 31, 2025. one year ago, the current…

requirement 2. compute oconnor dance studios current ratio at august 31, 2025. one year ago, the current ratio was 1.73. indicate whether carmen oconnor dance studios ability to pay current debts has improved, deteriorated, or remained the same.\nselect the labels then enter the amounts and compute the current ratio. (round your answer to two decimal places.)\nadjusted trial balance\ncash $15,500\nsupplies 2,800\nprepaid rent 1,700\nequipment 57,000\naccumulated depreciation - equipment $6,500\naccounts payable 4,600\nsalaries payable 400\nunearned revenue 4,800\nnotes payable (long - term) 4,600\ncommon stock 21,000\nretained earnings 25,900\ndividends 700\nservice revenue 17,000\nsalaries expense 4,000\nrent expense 1,500\ndepreciation expense - equipment 300

Answer