Use the following data. Middy Auto Supplies Balance Sheet December 31, 2018 Cash $ 170,00 Accounts receivable 30,00 $ 130,000 Accounts payable Salaries and wages 120,000 payable 110,000 Mortgage payable 90,000 Total liabilities 255,000 285,000 Common stock Inventory Prepaid insurance Long-term investments Land Buildings Less: Accumulated depreciation Trademarks 300.00 $500,00 $339,000 $360,00 (60,000) 279,000 Retained earnings 720,00 311,000 Total stockholders' equity $1.080.00 Total Liabilities and $1,580,000 $1,580,00 stockholders' equity Total assets KA Calculate the current ratio Calculate the current ratio 01.10:1 0.65:1 0 2.25:1 O 1.80 : 1