3 of 20 Use the following data to calculate the current ratio Blue Spruce Corp. 6/3 Balance Sheet December 31, 2022 Cash $66000 Accounts payable $137000 Accounts receivable 63820 Salaries and wages payable 16400 Inventory Prepaid insurance. 143000 Mortgage payable 157000 80000 Total liabilities $310400 Stock investments (long-term) 186000 Land 193000 Buildings $212000 Common stock Less: Accumulated depreciation (69500) 142500 Retained earnings $215920 480500 Patent 132500 Total stockholders' equity $696420 Total assets $1006820 Total abilities and stockholders' equity $1006820 3 2.75:1 1.37:1 O 2.30:1 December 31, 2022 Cash $66000 Accounts payable -$137000 Accounts receivable Inventory Prepaid insurance 63820 Salaries and wages payable 16400 143000 Mortgage payable 157000 80000 Total liabilities $310400 Stock investments (long-term 186000 Land 193000 Buildings $212000 Common stock Less Accumulated depreciation (69500) 142500 Retained earnings $215920 480500 Patent 132500 Total stockholders' equity $696420 Total assets $1006820 Total liabilities and stockholders' equity $1006820 2.75:1 0137:1 2.30:1 1.78:1