Show Attempt History Current Attempt in Progress The chief financial officer (CFO) of Sunland Corporation requested that the accounting department prepare a pr sheet on December 30, 2022, so that the CFO could get an idea of how the company stood. He knows that certain debt agreements with its creditors require the company to maintain a current ratio of at least 21. The preliminary balance sheet is as follows Sunland Corp Balance Sheet December 30, 2022 Current assets Current abilit Cash $25.210 Accounts payable $21.440 Accounts receivable 31.100 Salaries and wages payable 11.500 $32.540 Prepaid insurance 6200 162510 Long-term Sabies Equipment int 202.630 Total assets $265.140 Total bites 81.200 113740 Stockholders' equity Common 100.000 Retained earnings $1.400 151400 Total abilities and stockholders equity $265.140 (a) Your answer is correct Calculate the current ratio and working capital based on the preliminary balance sheet Rounda