Heart of Tennessee Telecom has these account balances at December 31, 2016:

Note payable, long-term $7800
Prepaid rent 2300
Salary payable 3000
Service revenue 29,400
Supplies 500

Accounts payable $3700
Accounts receivable 5700
Cash 3500
Depreciation expense 6000
Equipment 15,000

Requirements
a. Calculate Heart of Tennessee Telecom's current ratio.
b. How much in current assets does Heart of Tennessee Telecom have for every dollar of current liabilities that it owes?

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.