Use the following data to calculate the current ratio. Ace Supply Company Balance Sheet December 31, 2025 Cash $129100 Accounts payable $158000 Accounts receivable 123200 Salaries and wages payable 31300 Inventory 214600 Note payable (due 2028) 268900 Short-term investments 86100 Total liabilities 458200 Land (held for future use) 259500 Land 287500 Buildings $335500 Common stock 357000 Less: Accumulated depreciation (63000) 272500 Retained earnings 757400 Franchise 200100 Total stockholders' equity 1114400 Total assets $1572600 Total liabilities and stockholders' equity $1572600