Use the following data to calculate the current ratio. Blue Spruce Corp. Balance Sheet December 31, 2017 Cash Accounts payable $187000 $204000 Accounts receivable Salaries and wages payable 31500 154000 Inventory Prepaid insurance Stock investments (long-term) 169000 Mortgage payable 239000 Total liabilities $474500 92500 275000 Land 267000 Buildings Less: Accumulated depreciation $300000 Common stock $389000 Retained earnings (59000) 241000 729000 Trademarks 207000 Total stockholders' equity $1118000 Total liabilities and stockholders' equity Total assets $1592500 $1592500 2.19: 1 1.50: 1 2.56: 1 92: 1