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Use the following data to calculate the current ratio. Cash Accounts receivable Marigold Corp Balance Sheet December 31, 2017 $65500 Accounts payable Salaries and wages

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Use the following data to calculate the current ratio. Cash Accounts receivable Marigold Corp Balance Sheet December 31, 2017 $65500 Accounts payable Salaries and wages 100000 payable 138000 Mortgage payable 90000 Total liabilities 175000 191500 $22000 Common stock (70500) 157500 Retained earnings $140000 14500 160000 $314500 Inventory Prepaid insurance Stock Investments long $229000 Land Buildings Less: Accumulated depreciation 500500 Total stockholders' Trademarks 126500 $729500 Totalets $1044000 and 14000 stockholders' equity 2:1 2.55:1 command option ommand

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