Which of the following account balances would not be included in the calculation of the current ratio?

Accounts receivable

Short-term notes payable

Equipment

Explanation:

The formula to compute the current ratio

Current ratio = Current assets : Current liabilities

where,

The current assets include cash, stock or supplies, account receivable, etc

And, the current liabilities include Short-term note payable + Accounts payable

It always comes in times plus it is a liquidity ratio

The equipment is a long term asset i. e fixed asset