22. Use the following data to calculate the current ratio.

Ayayai Corp.
Balance Sheet
December 31, 2017
Cash		$67500		Accounts payable	$131500
Accounts receivable		97500		Salaries and wages payable	11800
Inventory		149000		Mortgage payable	173000
Prepaid insurance		89500		Total liabilities	$316300
Stock Investments (long-term)		180500
Land		188000
Buildings	$207000			Common stock	$237700
Less: Accumulated depreciation	(54000)	153000		Retained earnings	495500
Trademarks		124500		Total stockholders' equity	$733200
Total assets		$1049500		Total liabilities and stockholders' equity	$1049500

3 : 1

2 : 1

2 : 1

2.82 : 1