11 Use the following data to calculate the current ratio. Carne Auto Supplies Balance Sheet December 31, 2017 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 130,000 20,000 180,000 $330,000 $ 70,000 Accounts receivable 100,000 Inventory 140,000 Prepaid insurance 80,000 Stock investments 180,000 Land 190,000 Buildings $230,000 Less: Accumulated depreciation (60.000) 170,000 Trademarks 140,000 Total assets $1,070,000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $240,000 500,000 $740,000 $1.070,000 Minimized View 0 2.07 : 1 101.67 : 1 3.00 : 1 0 2.60 : 1