Use the following data to calculate the current ratio. Black Panther Kingly Supplies Balance Sheet December 31, 2022

Use the following data to calculate the current ratio. Black Panther Kingly Supplies Balance Sheet Cash Accounts Receivable $130,000 20,000 180,000 $330,000 Inventory Prepaid Insurance Stock Invest (long term) Land Buildings - used in business Less: Acc Depr Trademarks December 31, 2022 $70,000 Accounts Payable 100,000 Salaries Payable 140,000 Mort. Payable (L Term) 80,000 Total Liabilities 180,000 190,000 Common Stock $230,000 Retained Earnings