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Use the following data to calculate the current ratio. $142000 17900 Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less:
Use the following data to calculate the current ratio. $142000 17900 Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Blossom Company Balance Sheet December 31, 2022 $75000 Accounts payable 90500 Salaries and wages payable 148500 Bonds payable 86000 Total liabilities 177500 197500 $217000 Common stock (65000) 152000 Retained earnings Total stockholders 135500 equity Total liabilities and $1062500 stockholders' equity 178000 $337900 $222100 502500 $724600 Total assets $1062500
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