Use the following data to calculate the current ratio.

Carne Auto Supplies

Balance Sheet

December 31, 2022

Cash and cash equivalents$ 70,000Accounts payable$130,000

Accounts receivable 100,000Salaries and wages payable20,000

Inventory140,000Bonds payable180,000

Prepaid insurance80,000Total liabilities330,000

Stock investments180,000

Land190,000

Buildings$230,000 Common stock240,000

Less: AccumulatedRetained earnings500,000

depreciation(60,000)170,000Total stockholders' equity740,000

Trademarks140,000Total liabilities and

Total assets$1,070,000stockholders' equity$1,070,000

a.2.07: 1

b.1.67: 1

c.3.00: 1

d.2.60: 1