The classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, Common Stock of $1,000,000, and Retained Earnings of $130,260. The current ratio was 2.5. Which of the following statements is not correct?

The classified balonce sheet for a company reported current assets of $1,623,850, total liabilities of $799.540, Common 5tock of $2000,000, and Retained Earnings of $130.260. The current ratio was 2.5. Which of the following statements is not correct? The ciassified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, Retained Earnings of $130,260. The current ratio was 2.5 . Which of the following statements is not correct? Multiple Choice Total Assets are $1,929,800. Total Stockholders' equity is $1,130,260. Noncurrent liabilities are $130,260. The amount of current assets is 2.5 times the amount of current liabilities