10. Use the following data to calculate the current ratio. Marigold Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $65,500 Accounts payable $140,000 Accounts receivable Inventory Prepaid insurance 100,000 Salaries and wages payable 14,500 138,000 Bonds payable 160,000 90,000 Total liabilities $314,500 Stock investments 175,000 Land 191,500 Buildings $228,000 Common stock $229,000 Less: Accumulated depreciation (70,500) 157,500 Retained earnings 500,500 Total stockholders' Trademarks 126,500 $729,500 equity Total liabilities Total assets $1,044,000 and stockholders' $1,044,000 equity