Use the following data to calculate the current ratio. 3.85: 1 3.29:1 3.40:1 3.69:1

Use the following data to calculate the current ratio. Watters Corporation Balance Sheet December 31, 2021 Cash Accounts receivable Inventory Prepaid insurance Long-term investments Land Buildings $305,900 Less: Accumulated 32,000 90,000 164,100 10,000 156,000 75,000 $ 50,000 Accounts payable Salaries and wages payable 40,000 Five year loan payable Total liabilities Common stock Retained earnings Total stockholders' equity Total Liabilities and stockholders' equity 150 000 $240,000 $232,000 451 ooo depreciation (50.000) 255.900 Trademarks Total assets 3.85 C) 3.29 : 1 C) 3.40 , 1 C) 3.69 : 1 140.000 $9?3.oqq