Calculate the current ratio using the following information

Calculate the current ratio using the following information: (Round your answer to two decimals.)

Cash $7,000

Accounts Receivable 1100

Prepaid Rent 900

Land 40000

equipment 4000

accumulated depreciation 800

accounts payable 3000

salaries payable 900

notes payable-long term 9000

Current ratio = Current assets / Current liabilities =(7000+1100+900) /(3000+900) = 9000/3900= 2.31