Use the following data to calculate the current ratio. 2.31:1 2.45:1 1.10:1

Use the fallowing data to calculate the current ratio. Frederick. Balance Sheet December 31. 2022 Cash Accounts receivable Inventory Short-term investments Land (held for future use) Buildings Less: Accumulated depreciation Franchise Total assets 0 4.28:1 0 231:1 0 2.45;1 0 1.10:1 $340,000 (61.400) $126,100 121.700 203.600 385.800 258,000 282,500 278.600 214,100 $1870,aoo Accounts payable Salaries and wages payable Note payable (due 2025) Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $164,500 31,200 567.200 $762.900 $365,000 742.500 $1.107500 $1870,400