Use the following data to calculate the current ratio. Ace Supply Company Balance Sheet December 31, 2025 Cash $126900 Accounts payable $164500 Accounts receivable 121900 Salaries and wages payable 33700 Inventory 211200 Note payable (due 2028) 268300 Short-term investments 85700 Total liabilities 466500 Land (held for future use) 253000 Land 287000 Buildings $340000 Common stock 356000 Less: Accumulated depreciation (58000) 282000 Retained earnings 748500 Franchise 203300 Total stockholders' equity 1104500 Total assets $1571000 Total liabilities and stockholders' equity $1571000